First deal - would love assistance analyzing

[Jeremiah W.]

Hey all,

I'm in the market for a duplex to house hack. I've found one in a nice area nearby, but am having a hard time determining if this is a good deal and would love some feedback.

Asking Price: 128K

Down payment: 5% Conventional loan

Mortgage Interest Rate: ~4.5%

Mortgage Period: 30 years

PMI: $36

Mortgage: $625

Monthly Costs

Property Taxes: $167

Insurance: $70

Utilities: $100 / month for water/sewer/trash

Lawn Care/Snow Removal: $0

CapEx: $100

Vacancy (5%): $61.50

Rental income: $1400 ($675 for one side, $725 for the other)

I've used this calculator to give me some info: https://www.calculator.net/rental-property-calcula...

Based on this, if I were to go with this my cashflow wouldn't be much. Should I be too concerned about this? It's positive once I move out of the unit, but around $100 total ($50 per unit). This also doesn't include management fees. I do plan on managing it for at least the near future. My plan now would be to live in the unit for a year or so while saving up as much as I can to buy another place, or potentially pay the mortgage down on this place more to refi and get a better payment/increase cash flow. Is this a bad idea? Any other things I may want to consider?

The place has some old furnaces and water heaters, and will need a new roof soon. The seller is open to fixing this if I were to offer 136K, but this definitely cuts into my already small amount of cash flow. Other than that the place is pretty nice. One side is in need of some updates, new flooring, and some fresh paint, but other than that it's a pretty nice place. 

I feel like down the road this is a good investment, especially considering I don't have much down at this point in time and have been renting and really want to start building some equity in a place, but would I be better off if I just let go of this place and looking for something different? Wouldn't mind finding a cheaper place that needs some sweat equity put into it.

My numbers above might be a bit off, but the calculator.net link provides the numbers that I'm running off from  now.