Offer accepted today on first investment... Opinions?
Duplex
2bd 1b upstairs
1bd 1 b down
1000 month total rent
53,900 seller pays closing
20% down
Monthly................
vacancy 80
capex 100
insurance 35
P&I 272.80
repairs 50
water 35
PM 100
tax 75
New roof in 2011
Separate utilities
new water heaters and furnace 2011
aluminum siding
no gargage
cash flow 252.20
11.69 cap rate
opinions??