Help me to analyze this deal

[Helen Kolton]

2 Family Property in NJ

Unit 1 has 2 beds

Unit 2 has 1 bed

C+ area - good rental area

I am not an engineer but the house is in pretty good condition, cosmetic clean up of about 15-20K

Asking: 140K

Offer: 125K

Conventional Mortgage with 25% down

Rents: $1,300 and 1,000, respectively

Taxes: 6,512

Ins. 1,000

Water: ?

Also, how do you calculate title costs? Is it about 3% of purchase price?

Thank you to everyone in advance.