[Calc Review] Help me analyze this deal - Key West, FL

[Daniel Winsor]

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New to the forums. Been lurking for a while, but starting to get serious about investing now. I've just recently moved to Key West and the region is a little bit wonky. I've been looking at houses for about 6 months now, and this is by far the best deal in the price ranges I can afford.

House is a duplex with a 3/2 and a 1/1. I plan to live in the 1/1 and rent out the 3/2. I am factoring a rentt of $2250 for the 1/1 as I can't really find anything cheaper in the area that I would be willing to live in. This is a win for me, as I receive a housing allowance of $2900, so I'm still profiting. I haven't seen a 3/2 on the island renting for less than $4000 on a yearly rate (winter rates are insane), but I'm being conservative and calculating at $3000. If/when I start a family, I can transition to the 3/2 myself, potentially still rent out a room, and then rent out the 1/1. My father has expressed interest in moving to the area, and might be inclined to live in the 1/1. Rent would most likely decrease to about $1700, but I would be getting a very good deal on a 3/2, better than anywhere else I would be willing to live by a large margin.

I'm keeping vacancy rates very conservative despite the fact that I will be occupying one of the units and not factoring any money going into the house immediately as it is move in ready and some major repairs are being made (new roof and siding) price to the sale.

I realize that seems like a lot of justification, and it might be a little, but the sheer prices of rental units down here, decent ones, is unlike anything I have seen. I could easily afford the home on my salary with no rental income and I have job security for at least 3 years.

Would be living in the home for at least 3 years personally, potentially much longer based on other factors. 

My first time posting so I will make any edits required. Thank you in advance.