Should I buy this 4plex?

[Humberto Garcia]

I have the option of buying a 4plex at 94,000 (Cash) that's generating 1,460 a month and 17,520 gross yearly. They all are occupied at 365 a month and are paying there own utilities. My NOI would be 13,156 and I got that by subtracting 10% for managing, $1000 for insurance, and taxes where $1612. Of the bat my cap rate would be 14% but there are some minor repairs probably around $2000 but I would't repair until the tenants leave. Should I buy?