4Plex, need a little help understanding what im doing

[Tereal Wilsonn]

Greetings everyone

After watching the BiggerPockets Free Webinar: How to Find, Analyze, and Finance an Incredible Rental Property Deal and reading

The Ultimate Due Diligence Guide for Buy & Hold Properties

by Matt Faircloth

I thought it would be a great excise to find a home im interested in and see if i can actually analyze a deal and complete the sale if the numbers worked.

OK so i found a 4plex on realtor.com in Michigan all units undated since 2010, 2444SQ ft

4 1bd/1bath

List Price is 324000

Rents for 4 units is $2500

Taxes $3100
Insurance $ 2000
Gas $2160 yearly
Eletric $720 yearly
Water$1520 yearly
Sewer line insurce $88

Land License $300

When i asked for copies of other  items the realtor told me the property has been miss mangaed the above was the only thing he could get on the property

[Arnie Guida]

Price 324,000

Rents 2,500?

Don't!

Now if it was:

Price 32,400

Rents 2,500

Dawn would own it... :-)