Am I running these numbers correctly?

[Jason Clark]

I’m looking at an 8unit apartment building, 2bd/2ba each. Asking price is 359,000. Conservatively I’m assuming $550 per month rent. 1 unit is vacant. I expect about $80,000 in renovation costs.

$439,000

Rent $4,400

Mortgage ($1619)

Taxes ($260)

Ins ($154)

Lawn ($100)

Vacancy ($220)

Repairs ($150)

Capex ($150)

Mgt ($440)

Income $1307

COC 18%

All these are assumptions and I believe I’m being conservative on the rent after renovations. Just want to get some insight if I’m looking at everything or what I’m missing to make sure I’m analyzing the deal correctly.

Thanks for your help.