[Calc Review] Help me analyze this deal

[Brendon Dyer]

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Hello Everybody! I am a newbie looking to begin my journey as a BRRRR/Flip/Rental investor in Maine. I currently own a condo in which I have ~$25K in equity. I am considering either selling to raise cash for a multi-family property, or use a private lender to raise cash (which I have lined up) and rent out the condo which would have around $100 cash flow.

This property is a duplex with 2bd/1ba per unit. Current rent totals $1600/mo, and I believe I can raise it so $1800 with some rehab to the bathrooms, flooring, and paint, but I stayed safe with keeping it $1600. 

What do you all think? It seems like a slim margin to be doing the BRRR method, but mainly I just want cash back in hand for another deal in 2019.