Analyzing my first potential deal

[Trevor K.]

Next week I will be looking at my first potential investment property. It is a triplex, I ran the numbers through the BP calculator and they appear to work, however asking for additional advice never hurts.  Here are the numbers: Asking Price: $175,000 Taxes: $5617 per year Insurance: $1950 per year Water and Sewer: $1770 per year Tenants pay electric. Unit 1: 3 bed, 2 bath Rent: $1,100 per month.  Unit 2: 2 bed, 1 bath Rent: $700 per month Unit 3: 1 bed, 1 bath Rent: $625 per month Using the 50% expense rule with the calculator it stated that this should cash flow $460 per month.  I plan on getting a conventional mortgage and putting 20 percent down All units are currently occupied. The property is in a good blue collar neighborhood within walking distance to an excellent elementary school.  I will know more on the condition of the units and the building next week, but on the surface this seems like a logical deal. Any and all advice is welcome, thank you for your time.