4 Plex Property Scenerio

[Chase Swanson]

I’m looking at a property to be our first one. It’s a four plex in what my agent says is a c area. I feel like I am running these numbers very conservatively but wanted to see what people think about the numbers below

215k purchase price

15% down

1436 piti

2400 rent (>1%)

5 vacancy

10 pm

5000 year reserves

2800 year maint

I’m very close to positive cash flow on this but I wanted to see if this is just a deal that needs some massaging or if there is a flaw in the way it’s calculated.

Any input is greatly appreciated.