8 unit complex returns

[Chad Walsworth]

I am looking at my 1st multi family deal (8 units) The sales price is 430,000 with a NOI of 36k......I am figuring 5000 unit in rehab, figured into the loan amount. Net cash flow is 12,847 with a cash on cash return of 11.38%. cap rate of 8.88..... Do these seem like returns that are viable for this price property? The property is in the Dallas/Fort worth market. There is room to raise rents 50-75 month per door.