Analysis on a 4-plex in Fresno, CA. Is the math correct?

[Phat Vi]

Hi All,

I am in a contract of purchasing a 4-flex in Fresno, CA. I personally don't think this is a great deal but for a property in CA, I think it is an okay deal.

Fresno investor, is this cap rate and cash flow similar with your current MFs? 

I completed the analysis of the property prior signing a contract. I think I got of most of the expenses. Just want to see if I miss anything on the expense.

For property mgmt, it is a flat $50/unit/month. It is not % rent as I put in the spreadsheet.

Thanks in advance,

Phat