Analyze this fourplex deal

[Tyler D.]

I am looking to buy my first fourplex, out of state. I found one that appears to be a deal. Below, I'm going to break down the characteristics.

1) It is in a smaller town, about 80,000 people, in a landlord-friendly state. 

2) Town has mid-low crime, and multiple job sources. Population is going up 0.5% per year.

3) Units are 3/1, with a garage.

4) 2-5mins drive to food, shopping, and airport.

5) Last renter added 2 years ago at $700. Market rents for a 3 bed are 20% higher at $850.

6) Current total rent is $2800, and asking price is $314,000. This puts me at about 0.9%.

7) Property appears to be in good condition.

All this being said, how does the deal look? From what I have seen, everything appears to be solid, but as this is my first fourplex deal, I am unsure if I have missed something. Let me know what you think!