[Calc Review] Help me analyze this deal

[Bashar Salah]

Hey y'all! New Pro member with you. Super excited to join the community and jump into real estate. I have a current property that is being offered to me at 225k. It's a duplex and I would live in one unit and rent the other. The other rents at 1200 but I would increase rent to 1300 immediately. The building is a bit older built in 1913 and will require many upgrades from new windows, new soffits, 5 new doors, new paint, a new bathtub/shower, fence eventually etc. Of the items that I'd need to do within the first year I would say that's about 15-20k (assuming inspector comes back with no major issues).

 I found the number to break even monthly is 170k (although doubtful the seller will approve). I'd need to go to 120k to get about $170 total cash flow. So I know this deal sucks in terms of cash flow, especially due to high taxes (7k / yr).

Really, I'd like to get thoughts on estimating capex and repair/maintenance for older and newer properties. I currently have repairs at 15% rent and capex at 20%. is that crazy high?  Also, anyone know a contractor in central/south new jersey that works with investors?

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*This link comes directly from our calculators, based on information input by the member who posted.