Is this a good purchase?

[Sastry Konduri]

Hi All RE Gurus,

I and my partner are trying to put an offer on a 4-unit in Ohio.

Purchase Price : 230K

Down payment: 57,500

Repairs: 15K(All the units are currently rented. But want to add this)

We want to do 15 year mortgage. Total expenses would be ~2322(5% capex, 5% vacancy, 6% mgmt, $100 Insurance)

Rent: 2800

Cashflow: ~480(It goes up to ~800 if it is a 30 year mortgage).

Do you guys think this is a good deal or I am missing anything in my analysis.

Thanks,

Sastry.