Multi-unit income analysis?? Is it worth the purchase??

[Benaiah Grimes]

Hellow fellow BP's I have a question about numbers. I need to know how to guage whether an acquisition is worth the purchase or not. I want to get used to scrolling through the MLS and do then numbers in my head based on expenses and NOI.

Here it is: Please break down why this is or is not a good deal:

Deal #1:

$750,00 price
4 units
NOI: $58,827
Gross Income: $72,264
Gross Rent: 5,900 month or $1475 per unit
Expenses: $13,437
Taxes: $10,693.34 yr
Sq ft: 3060

100% occupancy

Deal #2:

$1,300.00 price
24 units (2 bldgs being sold together) 12 units a piece
Gross Income: $200,333
NOI: $110,012
Gross Rent: $14,111 month (varying rent levels for 1,2,3 bdrm)
Expenses: $90,322
Taxes: $13,330
Sq ft: 3457

80% occupancy.

Help me with the numbers please. What is considered a good deal? I thought about it and I'd prefer to start off with at least 4-8 units. The larger property is my max but obviously thats $200,000 down for 20%, so I'd have to sell a property to get that amount down. Is it worth it?

Thanks,

Benaiah Grimes