Help me evaluate this property...new at this

[Brian Calabrese]

[Blake Garcia]

Run like the wind

I show a Gross income of $925 per unit from rentometer. $88,800 annual income from 8 units

Management 6% $5328

Vacancy 6% $5328

$4000 insurance (500 per unit)

That leaves taxes, maintenance 

At asking price with 20% down financing of 80% at 6% 20 year note would be $13,182 a month, $158,188 per year

A bank would probably approve a note in the $750k range purchase price with a 1.05 debt coverage