Here is the run down for my first small multifamily investment. Purchased in Feb 2020, 5 months ago at the time of the post. Found on the MLS and used a local realtor contact to purchase. Feel free to ask questions or pass on any feedback.

Duplex / front and back / both units are 2 bed 2 bath / B- neighborhood / built in 1980 / located in Texarkana, AR / list price was $154k

Final purchase price $138,000 / 25% down / 4.5% int rate

Total Annual Operating Expense: $14,916

Total Annual Rental Income: $19,800 ($850 & $800 per month)

Total Annual Cash Flow: $4,884 / $203 per month per door

Cash on Cash Return Year 1: 13%

I have really enjoyed owning this property so far. Fortunately, COVID did not impact the employment of either tenant. I am looking for a new PM, so if anyone knows a good company in the area, please pass them on to me. There is a detached two car garage with an efficiency apartment that has been vacant for years and will need a full gut. Rental potential of around $400-450, so I will take on that project some time in the future.