Is the Duplex I found a good deal or not?

[Wade Reeves]

Found a duplex for $205,000 Renters both currently pay $975

[Steve Oswald]

@Wade Reeves I would suggest gathering all expenses for the property before making that analysis.  Do you know about, water/sewage, trash?  What about landscaping, pest control, or other possible utilities.  Make sure you look at the leases to ensure you know what the rents actually are and what concessions are being made.  At first glance, if no recurring expenses you would be just about breaking even.  So it doesn't seem like a good deal unless you can get it for $160K or so (assuming no PM fees) if you are about cash flow.  

Any option to subdivide the lot or put something else on it that could produce additional income?