Is this a good Deal?

[Alandra Brown]

Hi, I am currently in the market for a duplex that I have plans to live in. I ran the numbers and am looking for some feedback on if this is a property that I should "pull the trigger on" so to speak. Any feedback I would appreciate. 

Here's the details:

This is a Duplex 2 bed 1 bath 

Monthly Income: 2,000

Monthly Expenses:1310.00

Monthly Cash Flow:689.00

Pro Forma Cap Rate:8.53%

NOI Total: 17052.00

Cash Needed: 28,327

Cash on Cash ROI Purchase 29.19%

Cap Rate 9.48%

Property Information
Purchase Price: $179,900.00
Purchase Closing Costs: $3,559.00
Estimated Repair Costs: $15,000.00
Total Cost of Project: $198,459.00
After Repair Value $200,000.00
Down Payment: $6,296.50
Loan Amount: $173,603.50
Loan Points: 2.0
Loan Fees: $3,472.07
Amortized Over: 30 years
Loan Interest Rate: 3.000%
Monthly P&I: $731.92

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