help running 4 plex numbers...

[Craig Montesano]

4 plex in a decent area. All units are 1 bedroom 1 bath. Brick building with a newer rubber roof and a carport in the rear that could use some work.

asking - $105000 (price has steadily been decreasing...thinking more in the range of 85K to 95K)
Each unit rents for $395/month

Thinking of a 15 year fixed mortgage at 3.5%
25% down
property taxes - $3500 / year
Insurance - $1000 / year
Management fee - 10% of total rents (monthly)

I ran numbers and am on the fence.

Any input is much appreaciated

Thanks