Looking at first commercial deal - thoughts?

[Chase Gochnauer]

I do some residential rehabs, looking to get into a some longer term properties as part of diversification.

Property is two buildings side-by-side. One building is 6 residential apartments, other building is 3 retail/office spaces and 3 apartments.

$329,000 purchase price.

$27,900 NOI from 2014 Pro-Forma.

Roughly 8.5% cap rate. If I can finance at 20% down w/ 5% interest, that's approximately a 14.6% ROI on cash outlay. Even higher if there's a little negotiation room available.

I haven't seen 2014 pro-forma, but obvious concerns are that this may not include any sort of capex amounts or maintenance could have been abnormally low.

Any other things to look for, or thoughts on the deal?

Thanks
Chase