Property Analysis Help

[Lisa M.]

Hello All!!!

This is my first post after weeks of perusing the site and I've learned so much!

I wanted to get your thoughts on my property analysis. I am interested in putting an offer on a multifamily home near the University of Maryland but I just don't know if its a good deal. Here are my numbers. Total upfront cash is about 15k for this property. One 2 bd room and Two 1 bd rooms. Any feedback would be helpful!

Annnual Property Data
Operating Income	Monthly
Gross Scheduled Income	$3,700
Vacancy & Credit Loss @ 10%	$370
Effective Gross Income	$3,330
Estimated Other Income (Late Fees)	$-
Gross Operating Income	$3,330
Operating Expenses
Taxes	$433
Insurance (includes MIP)	$370
Water/Sewer	$150
Trash	$30
Property Management @10%	$-
Gas and Electricity	$-
Repairs @5%	$185
Landscaping	$50
Reserves @5% (10K already on hand)
Total Expenses	$1,218
Net Operating Income	$2,112
Debt Service (P&I)	$1,865
Cash flow (want is >$100 per door)	$247