Milwaukee Duplex - Are my numbers accurate?
2/2 BR Duplex, $150,000 sell price
* Rents $800/month=$1600/month both units
Expenses:
Mortgage ($150K @5%-budgeting high) $853/month
Taxes-$333/month
Lawn/Snow $45/month
PM-$$160/month (10%)
Utilities-Tenant pays all
Insurance $100/month
Garbage $30/month
10% vacancy (1,920)
Total Expenses $1473/month
Income $1600
Net income -$33.50/month. loses money from what I can see. Any thoughts on what I am missing?
Thanks!