Will someone review this deal for me?

[Jamison Schweitzer]

Hi Bigger Pockets community,

Could I run some numbers past you just to see if I'm on the right track with this property? This is a duplex (recently illegally converted from a single family) - but that's another story...

Purchase price:  $95,000

Assessed value:  $147,500

Renovation/Repairs:  $25,000

Taxes: 2650 annually

Insurance:  900 annually

80% LTV loan, $118,600 at 4.75% (includes renovation expense) Based on assessed value.

I anticipate $2300 in acquisition costs and $2736 in holding costs before it is rented.

Rents:  Unit 1-$750  Unit 2-$600

I have no personally money in and a cap rate of 10% (if I calculated correctly)

If you could take a quick look I'd really appreciate it!

Thanks, Jamison