Need help in analyzing a deal

[Amit Shukla]

Hello

I need some help in analyzing a deal. In the area where I am, there's hardly ever a multifamily "deal". So when I saw this, I wanted to look from other pros eyes as to why this didn't make sense for them. In other words, I want to see how a lead is a good deal or not.

Below are the details. I started using this calculator but couldn't fill out all the info. http://www.masterpassiveincome.com/resources/inves...

Details:

3 four plex. Each fourplex has 8 bedrooms and 4 bathrooms (2/1 each). Laminate wood floors, vinyl bathroom, carpet in both bedrooms. Washer & Dryer Hook-ups inside each unit. Appliances: Stove, Refrigerator and Dishwasher. 

Building 1 Rents $695, $733, $750, $815 

Building 2 Rents $660, $695, $825, $850 

Building 3 Rents $750, $825, $825, $850

Price - $296K each. 888K total. 

Year - 1975. 

Sq. ft. - 3400 each fourplex.

I'm planning to put 25% and finance the rest (traditional). The parts I don't have the estimate for are:

1. How much do I put for property management? I don't intend to manage it myself.

2. How much do I put for repairs per month? 5% of the rent? 

3. What other expenses should I consider that are big with multi-family?

4. What's the cash on cash should I be looking for?

Thank you for your help!