Is This A Deal You'd Be Interested In As An Investor? SLC, UT

[Account Closed]

Hello everyone this on market deal just came across my screen and I wanted to get your opinion on whether or not this a deal that you would consider investing in. 

The listing is turnkey, 12 total units, 4 units per building and 3 parcels sold as a bundle, as such its also eligible for residential financing. 

The rents are fairly in line with current market values and the GOI is $192,828 and after taxes, insurance, maintenance, and utilities the NOI is $156,299. Finally, the appraisal based on the income approach came back at $2,958,000

Is this a deal that you would consider investing in? If not, at what price would you consider investing in it? 

[Taylor L.]

19% expense ratio? No way. The expenses will almost certainly be higher than that. Don't just take their numbers, underwrite it how you'd operate it. Look for ways to increase the income.