Need help analyzing a rental property!! Any advice will help

[Raymond Santos]

I am looking at this property in Orlando Fl for my first rental I keep analyzing but I just want to make sure that I am plugging these numbers right. Here’s my deal:

Duplex

Price: $310,000

Fha financing 3.5% : $10,850

Interest rate of 3.5% might be under 3

Closing cost at 3% : $9,300

Rental gross income monthly : $2550

Taxes : $3,360 year

Insurence : $2,400 year

Maintence at 10%: $3,060

Capex at 10% : $3,060

Property management at 10% : $3,060

Vacancy at 7% : $2,178

COC : -12.9%

Total Roí : 15.2%

Net income (cash flow) monthly: $-2,592

Principal paydown $5,652

[Huy Le]

@Raymond Santos are you going to live in it? Can't get fha unless you do. Where is this located? Orlando Market is very neighborhood dependent. One wrong move you could be in the C and D class neighborhood. Small multifamily in Orlando are usually negative cash flow