Am I missing something?

[Robert Arquilla]

This deal has been on the market for a month now and to be honest I’m surprised someone hasn’t jumped on it, it seems like a cash cow. Here’s the description:

“Amazing investment opportunity! Fully rented units in prime location. Many updates in these buildings with great tenant history. The 3 buildings are a 6-plex, a tri-plex & a home that has been converted to a duplex. Don't miss this wonderful opportunity for an instant money making purchase!”

It’s listed for 250k for 11 units. I figure even if each one rents for 400 (which seems lower than market I believe) that’s 4400 a month. Taxes are 200-300 total. If financed using the traditional method that’s about 1350 per month. Plus 10% cap ex (440) 5% repairs (220) 5% management (220) that’s about 2200 left per month. Am I missing something? What are your thoughts? Seems like a great deal,close to shopping, probably a C area.

Thanks for the input!