Estimation

[John McConnell]

dumb newbie questions still....

So I'm looking at a 4plex for house hacking I plan on paying my portion of the rent into it as well as deducting 8-10% for management even though I'm going to own/occupy. I think also 10% would be a safe guess for vacancy. Current tenants 1 lease expires in a couple month the other 2 next year. Going to try to do a va loan no money down 100% finance (very first house ever purchased). The place had been done/kept nice. It almost looks like it has been recently refreshed. Price is 225k. Rents gross monthly 2675. All utilities paid by tenants. Taxes are 4396 ( I know ). So if I swag the numbers I come up with 786.60 (which is not enough for mortgage). That would be gross rent - 50% - vacancy (10%) - management (10%) - taxes. I know I'm missing insurance which I'm guessing would be 1500-2000. So am I over estimating this or does this swag look like it makes sense. If it does make sense then this is a horrible deal. If I'm over estimating then it might be a decent deal. But I think overestimation is better. The question is how much over estimation. Thank you in advance for any suggestions or criticisms.