I have a duplex under contract I would like to get your opinion

[Account Closed]

I have a duplex under contract I would like to get your opinion on it

Brick duplex 2 bedroom 1 bath each unit. Each side rents for $600 purchase price at $130,000 monthly payments will be $980 includes insurance and taxes. So cash flow $200 per month I know it’s not much but when their leases end I’m thinking on going up on rent. What you think?

[Eliott Elias]

Depends on how much work you need to put into them to raise rents. I would negotiate my way down to 100k 

[Nathan Gesner]

Quote from @Account Closed:

Cash flow should be after paying the mortgage, taxes, insurance, and setting aside a percentage of funds for projected maintenance, capital expenditures, vacancies, etc. You can typically expect to set aside about 50% for all expenses, then the mortgage, then whatever is left is cash flow. In other words, this investment would probably be a loser.

Here's a guide that describes what good cash flow looks like and how to analyze a property.

https://www.biggerpockets.com/...

[Theresa Harris]

If that included money set aside for vacancies and repairs, that isn't bad on a $130K property.  Make sure you get copies of the leases, prorated rent and the deposits.

Also, not sure why you posted and then immediately closed your account.