Newbie is this a good deal?

[Brock Laramee]

Hey guys this is my first post!

I'm looking at a property in Delray Beach FL (I'll post below trying to run numbers for my first time). I don't know nearly enough of what I am doing just looking for feedback. I'm wondering if this property will cash flow strong. I also want instant equity so wondering what a good price would be. This is what I know. Three units. Rents for 700, 700, and 1000. Priced at $265,000. Expenses would be $333 month property taxes, $1300 mortgage + insurance, no hoa. Assuming maybe $350 for maintenance a month. So that would cashflow $417 a month hypothetically. What do you think? Any thoughts and constructive criticism is much appreciated!

http://www.realtor.com/realestateandhomes-detail/1...