Fourplex deal review in Daytona Beach

[Alex Kholodenko]

Hello,

looking to get my 1st multi unit deal.

A

The property below meets 1% rule, 280k purchase price and gross rent is 2800 per mo.

I noticed the area is little spotty due to slightly higher crime rate.

https://www.trulia.com/property/3189509489-605-But...

Old owner wants to cash out although would consider seller financing.

The house did not appreciate in the last 10 years,

I wonder why?

The rent seem to be on the low side and I increase it easily $400 per mo. when leases are up.

I am not very familiar with an area goalmouth visited before and its seems to have great beaches, attraction and stable job market.

Does this seem like a good deal based on numbers and location?

Appreciate an advise from local investor or realtor.

Thank you!