4-plex numbers overview

[Jay S.]

How does this 4-plex deal sound to you guys?

2 apts rent for $500/mo

1 apt rents for $525/mo

1 is currently being renovated & when ready will be renting also for $525/mo

Insured for $200k

Property Tax $653/yr

Hazardous & Flood insurance $2771/yr

4000 sqft

2/1 & 2/2

6.3 miles from major University

asking price $125k 

I will be going to look at it tomorrow.

You guys helpful information & suggestions are greatly appreciated.