Deal Analysis 1st time, Help!

[Jay Yoo]

Hi All, 

I was wondering if you could take look at the below and let me know if numbers make sense to pull a trigger. 

Thank you,

Property type: Duplex

Asking price: $110k

Offering Price: $95k

Comps: $129k-$160k

Vacancy: 4% on census, multiple diversified employers, City's big development plan

Tenants occupied: rents 15%-20% lower than nearby

Cosmetic rehab needed but not planning to do this now. no details yet on full inspection at this time.

Cash offer

No rehab at acquisition

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Monthly Income

Income: $1348  (Unit A: $575, B:$615, Water utilities (sub-metered): $140)

Yearly Income: $16,176

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Monthly Expense:

-Repair/ Matinenance 7% : $94

-Vacancy : 8%: $108

-Capital Ex 7%: $94

-PM fee: 1st month charge, 7%, no renew fee

-Property Tax: $98

-Insurance: $83

-Water utilities: $140

- Accounting and Legal: $40

Total Monthly Expense: $753, Yearly $9,038

NOI: $7,138

Cash Flow: $595  

CoC ROI Yearly: 7.5%

Thank you! Let me know what other factors would need for your review!