Are These Types of 4 Units a Good Deal?

[Drew McCrory]

Hello, I am a new investor looking in my surrounding areas for a 4 unit to buy and rent out. I'm hoping some of you more experienced investors can enlighten me on if I should check out other areas or if its possible for markets like this to cashflow.  Rental rates for the 4 units in my area average about $475 per unit. That's 22,800/yr of Op income. Avg price is about $130,000. And tax is about $4500/yr. I know theres many more expenses between vacancy,insurance,maintenance,cap ex, etc.. However, I would like your opinion on if these types of numbers with the lower rental rates can still cashflow. Any advice/opinions are greatly appreciated. Thank you!