10 unit multi-family....a good investment?

[Scott Beebe]

I am new to multi-family investing. I have been doing SFH investing for some time now. I found a deal in Ajo, AZ (population around 5000 people) for a 10 unit complex for 335K. Will be fully occupied next month. I need some opinions to see if this would be a good deal. My concern is that the town of Ajo is very small and jobs are not plentiful however there is a lack of rentals and tenants waiting for rentals. Any opinions are would be welcome. Thanks!

Total gross annual income: 76609 (at 100% occupancy)

Total annual expenses: 29677

NOI: 46932

Purchase price would be no more than 300K