duplex, ohio, cash flow deal analysis

[Jinglei Shen]

I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 

here is one deal I am analyzing

Duplex generates $1590 income /month together,

purchase price $123,000

rate 7.5%, downpayment 25%

5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,

COC is 8.73%

monthly net cash $277

this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?

[Patrick Drury]

@Jinglei Shen
The insurance of $1,400 a year seems pretty high in my opinion. I would get some more insurance quotes. Usually, when I buy a duplex around that price range in Cleveland it's closer to $500 a unit annually or $1,000 a year. I would check with an insurance agent for an actual quote