Owner-Occupied 4 Plex - Please Check My Numbers

[Brandon Justice]

Just passed the 2 year mark of living in our current condo and about to move into the vacant unit of a 4 plex back in the state we grew up in. I probably should've made this post prior to purchasing but as they say, the next best time to plant a tree is today. Please check my numbers and let me know how we did and maybe what specifically is good, bad, and potentially concerning. Thank you!

Building Details:

- 2 on bottom 2 on top - 3/1.5 ba 1100sqft - 7 yr roof - prob $35k - 50k total work/updates to make awesome.
- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k people

Purchase Price: $660,000

Appraised Value at Purchase: $730,000

Interest Rate: 6.625% - 30 year fixed

Down Payment: 10% / $66,000

Cost to Make Rent Ready: $14,000

P&I - $3803 T&I - $898

Total PITI - $4701/mo

CapEx, Vacancy, Maintenance - $1099/mo

Total Monthly Costs - $5800/mo

Current Rents - $3800 (3 units)

Fair Rents ~ $5000 but will likely only charge ~ $4500 to start. We don't want a lot of turnover right away and since we're living there we want to try and keep the peace. Slight increases will happen though to get up to about $4500. Max we could get after renovations to 2 of the units would be about $1800-$2000/mo. The other 2 are already updated.

Please let me know if I should provide anything else and thank you in advance for any wisdom you can provide.