Need an opinion on a property

[Salvador Aldrett]

I have an opportunity to put a contract on a property with the following numbers:

Asking price $365k

8 unit property

5.5% commercial loan;20 yrs

Rent is $5400/month fully rented, currently 7 out of 8 units are rented

Property taxes are $8k

Property located in flood plain but has not flooded there for several decades so risk is low

landlord pays for water and lawn:$500 per month

Property insurance is approx $3000 per year

Any thoughts on what any of you guys would offer?

Regards

Salvador