Does this seem like a good deal?

[Jeffrey Giffin]

I am currently new to investing and I have been looking into picking up my first multifamily home.  I think I have found a decent deal but I am still pretty new at running the numbers.  I was hoping I could get some insight from some other.  Here is the breakdown of the property:

Current four unit with all units occupied

Asking $260K

Taxes are $1,500/yr

Estimate insurance is $1000/yr

Current rents are $765, $730, $695, & $650

It seems like the numbers would work but I am sure I am forgetting things since I'm such a newbie.  Any help and advice would be greatly appreciated.  Thanks!

[Darren Budahn]

Definitely a plus that the tenants are paying the utilities.  It's also great that the bank is giving you such good terms.  Regardless, I don't think you're looking at great cash flow, but that may not be your goal.