Need help analyzing this deal
I need some input on this Duplex deal. I have a banker that will do 100% finance on them for 30 years at 5.75 interest rate. The seller has owned this property since 2005! One tenant has been there 20 years. Wood floors in some, new Roof, New A/C in units. Well maintained and ready to be sold. The units are 100 percent occupied and the units are separately metered. The property is located in a c or d area located around college campus. The owner also has two more duplexes at this price. I'm coming up with a payment of $621.00 per month including PITI.
Asking Price- $65,000
3 BR 2 BA
21-30 Years of age
Total Square Footage- 2,250
Income - $1100 a month