Help With Numbers on Duplex

[Tyler Segebarth]

Hey guys!

So I have my first property under contract, and I’m interested in hearing some feedback from you guys on the numbers. The property is a 2 bed 1 bath duplex that I plan to house hack. It is in what most people would consider a C class neighborhood.

Purchase price $85000

Loan type: FHA

Potential monthly rent: $600 per side

Rehab budget: $5000-$9000 total

PITI: ~$590

The seller has agreed to pay $2000 towards my closing costs. There’s probably some stuff that I’m forgetting, I’m just hoping to hear what you guys think about the deal.

Thanks!

Tyler