Texas Multifamily Question

[Zack Wengert]

Hi all. Somewhat new to bigger pockets as well as rei. I currently house hack a duplex in the Ft Worth area and it is going great! I'm currently in negotiations on a fourplex that is also on the Ft Wortg area and would like hear what other thought of the deal. Here's in the info.

Cost: 350k

Current Rents: 3200

Market Rents: 3600

20% down ($70k)

Closing costs: $7k (paying more points for better interest rate)

Interest Rate: 4%

Estimated Mortgage: 2030

Property is built in 80's and would likely need new ac and heating equipment installed. I have access to an inspection and I estimate it would cost $40k in eventual repairs.

Been tossing and turning this one for a while now. Seller won't go any lower than $350. Any help is much appreciated!!