Too good to be true? Needing a 2nd option. 10 Unit multi family Pueblo, CO

[Alex Jacobson]

Looking for a fresh set of eyes to look at a rental analysis for a 10 unit efficiency apartment building in Pueblo, CO. 

COC ROI: 21.8%

CAP RATE: 11.3%

GRM: 61%

I used conservative estimates: 5% capital expenditures, maintenance and vacancy. (In my experience these will be less for the area.) and 7.5% interest rate and am still showing a healthy cash flow of $1,700 a month. 

 Is this too good to be true? I am also always looking for investor partners on deals as well.  

Thank you!

Analysis linked below: Bigger Pockets Rental analysis