Help Analyzing A Deal

[Josh Shaw]

I am look to buy my first Multi Family deal and was hoping someone could help me analyze this deal to insure it cash flows. Being that this will be my first deal i want to make sure I am not missing anything 

[Scott Schultz]

What is the debt cost? utilities (for common areas and typically water)? i dont see capX. vacancy, the annual repair number seems quite low thats only $71/year per unit, as does grass and snow you have only $55.50/mo. i doubt that covers one snowfall or grass cutting per month , you will also have garbage service you need to pay for, and if the city requires you to pay for Fire inspections, or licensing being commercial they can, as well as sprinkler system and fire extinguisher contracts, common area cleaning and maintenance,  and Management. im probably missing something here yet. 

so rents average $500/mo fully occupied?  I dont see the numbers working, spending $41K per unit, you can get much better rent, with longer term tenants in single families. in my opinion, $32K or less per unit, or dont do it.