Potential deal on a 4-unit rental property, feedback appreciated!

[Simon Cox]

Hey everyone!
I'm looking at a potential deal on a 4-unit complex, 100% occupancy, management in place.

Purchase price: $169,500

Rental income is $2800/month.

Expenses: $2100 (Vacancy, Maintenance, Management, Insurance, Taxes, CapEx, Mortgage)

If numbers are correct i'm looking at around $700 cashflow with about $56,000 out of pocket if I pay full price. 

Thoughts/comments? 

Still looking for my first deal and wanted to see what everyone thought before I jump in.

Thanks!