Feedback on commercial deal

[Zach Clinton]

Hello bigger pockets community my name is Zach Clinton and I've recently found a deal in my area in Wenathcee Wa and wanted to share it to see what others think. The property is a 13 unit 1 bed 1 bath units. Two more additional units can be built in the basement. The units rent for 650 a month and the NOI is 100,000. Here are the numbers

Purchase price-  $750,000

20% down payment $150,000

Loan for $600,000 at 4.2% 30 years would equal to $2,938 month for principle/interest on the loan.

Property tax and insurance will be $12,300 or about $1,025 month

I've included property management at 10% NOI or about $833 month

Maintenance at 8%= 8400 year $700 month

2% vacancy $2,000 year $166 month

Overall roughly $5,662 monthly expenses with the monthly income being $8450 Cash flow of $2788.

Based on cash flow the potential COC is 22% pre tax.

My goal for the property would be to raise rents $25-$50 over the first year. Upgrade units that have carpet to wood flooring do basic cosmetics to units that need it, and build the 2 units in the empty basement. With the additional 2 units being built the NOI could potentially be 117,000.

Im only 20 years old and dont have anywhere near 150,000 for the down payment but with hard work I believe I can find the money. I've already found $10,000 so really I only need 140,000 to do this deal. Please let me know what you think the feed back will help out a lot. Thanks for your time Bigger pocket community members.