Does this seem like a good deal?
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!