MFH Deal- Learning to work the numbers

[Michael Rosado]

Looking to buy a MFH and stumbled upon this MFH on a wholesale list. 

Purchase Price: $99,500

Gross Rent: $1,595 ($1,800 projected at market rents)

2x - 1-bedroom and 1x 2-bedroom units. Fully rented w/ rental increase due and projected $1,800 monthly rent roll. Owner pays $291/mo water, sewer, trash.

Annual taxes are $1605/year. 

This is the information from the wholesaler: 

2x 1-bedroom and 1x 2-bedroom units. Fully rented w/ $1,600 monthly rent roll

Asking Price: $89,000

13% CAP $1,040/monthly net

I looked this home on zillow and seems prices are increasing in the area. It's the Camp Hill area. Rent also seems to be steadily increasing. 

For the more seasoned vets, how do you evaluate deals like this? 

What would be the next step? Mortage lenders?

I'm looking to get practice. This seems like a good deal to me but interested to see it ripped apart. $89,000 for multiple units that seem to produce cashflow. 

Thanks, 
Michael