Is This a Good Deal?

[Caitlyn Frizzelle]

Hey Everyone!  I am just getting started on my real estate investing path and I think I have come across what looks to be a good deal.  I haven't submitted an offer or had an inspection yet, but based purely on these numbers it seems to make sense.  

I would love input on if there is anything in these calculations that I'm missing.  

The property is a Multi-Family home and I would like in one of the units.  The total rent roll would be $6,700 including my contributions.

I would use a VA loan with 0% down and live in one of the 1 bed/1bath units for at least a year. I received a P&L statement from the current owner so most of these numbers are from that document.

Principal & Interest: $4,596/mth

Mortgage Insurance: $0 since its a VA loan

Property Taxes: $12,049/year 

Insurance: $2,857/year (per PL Statement)

Lawn/Snow Removal: $480/year (per PL Statement)

Repairs & Maintenance: $907/year (per PL Statement)

Utilities: $3,525/year (per PL Statement)

Misc: $2,137 (per PL Statement - not sure what this was spent on so perhaps it covers some CapEx items?)

Vacancy @ 5%: $335/year

CapEx @ 10%: $670/year

Total expenses per month (including mortgage) would be $6,509 so I should be cash flowing $191/mth

Closing costs are estimated at $14,100 so it would be a CoC Return of 16.3%

Am I missing anything?!  Thanks for your input!