Help analyzing my FIRST deal

[Ashley B.]

Hi, everyone! I'm looking to purchase a 6 unit multifamily property to begin my real estate investing career but I'm getting cold feet. I've analyzed and reanalyzed but I want to throw the monthly income/expenses out there for a few seasoned multifamily investors to analyze for comparison. Everyone seems to factor in vacancy, repairs and CapEx differently so using your standards, what purchase price would make this a good deal for you?

Asking Price: $169,900

Current Rental Income: $2990

Property Taxes: $278

Insurance: $164

Landlord Paid Utilities/Trash: $416

Thank you for your time and expertise!