$450/$495 Occupied Multi-Family Duplex Indianapolis for $95k ?

[Chuck L.]

What do you investors think about this deal in Indianapolis? 

Duplex 1 bed 1 bath with both sides currently rented $450/$497 4009-4011 Clarendon Road Indianapolis Indiana 46208

Minutes away from Butler University on a quiet street. 

Built 1939 , Unfinished basement, Detached non-working garage, Parking in the front

Appliances included

Tenant 1: 8/2017 Tenant 2: 2015-2016

2018 numbers
Rent 4009 $5,964 4011 $5,400
Management fees $1,136.4 (10%)
Property Tax $1530.08
Lawn Care $300
Property insurance $710
Repairs $175
$5964+$5400= $11364 - expenses = Net $7,512.52

[Caleb Heimsoth]

@Chuck L. With those level of rents I’d pay about 30k for that duplex. What type of area is that? Low income duplexes from out of state seems like a great way to lose your shirt