Do you like this deal?

[Luke Peterson]

Hello, first post. Thanks for your help. 

4-plex - decent location and decent condition.

$420k purchase price 

15% DP ($63,000) (Yes, my credit union does less than 25% down on rentals) 

5.25% (paying .25% more to not pay MI). 

Loan - $357,000 

P/I - $1,971

Taxes - $170 

Payment / Mo. - $2,141

Rent $3,000 /mo all 4 units on a year lease.  

About me -  Personal home worth $550k / owe $360K     Duplex worth $250k / owe $170K 

Blessed with a great income and enough cash reserves to do this deal without a lifestyle change. 

Thanks for your help!