Triplex deal analysis

[Chad Collin]

Been looking at small multifamily for a while for buy & hold. Found a CA triplex and ran through the calculator with conservative numbers. It's an older triplex but expecting to renovate and raise rents with tenant turnover. Any feedback?

• Purchase Price: $330,000
• Financed: $264,000
• Closing Costs: $4000
• Repair Costs $0

Monthly Income:
Rent: $2700

Monthly expenses:

• Tax: $213
• Insurance: $110
• Vacancy: $270 (10%)
• Repairs: $135 (5%)
• Cap Ex: $135 (5%)
• Management Fee: $216 (8%)
• Other Expenses: $150 
• P+I: $1,153
• Total: $2,382

Cash flow: $317

Cash to Close: $70,000

Cash on Cash ROI 5.45%