Help analyzing 5plex please ?

[John Matthew Johnston]

Deal

5 plex- Four 2-1 and One 1-1

Current rents 4650

Possible to raise to 4800

Asking price 475,000 offer of 450,000 accepted

It’s in excellent condition, well maintained and fully rented in great school district

Newer roof, bathrooms and kitchens

Loan details- DSCR 112500 down at 6.35% for 20year with 5 year arms

PITI 3363

Repair, vacancy and capex- 230,230,460

Lawn Service/ snow removal 160

As is with only CF 157 total but if you don’t factor capex, repair or vacancies it would CF 1,077 if you increase rents it would CF even more. If rates ever come back down it would be even sweeter. What do you guys think?

[Kyle Tusing]

Looks like a good deal to me. Are there any value adds for the property? What will the appreciation be like for the property? I like to factor these in to my deals in my head, a property with less cashflow now but really good appreciation is a better deal than low cash-flow and no appreciation.  Additionally with value adds it brings the possibility to get higher rent and increase cash flow.