Is this a dream or a nightmare?

[Joe Ellis]

So here is a deal I was just looking at, wanted to see what others thought and see how my numbers compare to others.

5-unit building Separate Electric/Gas/Heat

Price- 439,900

Taxes-5,094

Gross rent-4,175

I figured on 30% down @ 4.5% and no immediate repairs since the building is fully occupied.

Mortgage- 1,557.04

Insurance- 100

Taxes-424.50

Vacancy-334

Maintainence/Repairs-208.75

Prop Management-334(although i will be self managing for now)

Trash/Sewer/Water-300

Monthly cashflow-916.71

Let me know what you all think and since this would be my first deal, anything I may be overlooking or undercompensating could be a life saver.