Help evaluating a deal

[Lukas Koube]

Hello friends,

I'm looking at a 4-plex in the Houston area. it looks like i found one for $300,000 that produces a healthy amount of rent, even after the HOA.

However, the deal looks too good to be true, cash-flowing about 200$ per unit. Is there anything i might be missing? If I paste the deal here, is it safe to discuss it without people maybe taking the deal for themselves? 

Thanks!

-Lukas Koube

[Michael Le]

Do you have anymore specific numbers? Looks like it could cashflow about $100/m each unit if you put down 20%. Does it have deferred maintenance? How much beyond the 20% down would you need upfront money to fix? 

Using some general numbers this is what I see.

Revenue

Rent - $4425

Expenses - $3983

Management 8% - $354

Insurance - $150

Capex 5% - $221

Taxes - $800

Repairs 5% - $221

Principal & Interest - $1216

Vacancy 5% - $221

HOA - $800