Newbie idk if this is a good first deal

[Cj Thompson]

I've never had a mortgage before. I can maybe cover 20% down but I'm hessitent cuz I'd be pretty broke I'm thinking maybe I should keep saving before I buy my first property.

There's a 3 unit the bottom is a grocery store it's been occupied 10 years. $900 per month current rent

Upstairs there are 2x 2 bedroom apts. $600 per month each

Total: $2100

Listed $110,000

Tax: $166\mo

Insurance$176/mo

Utility's; $100/mo

Lawn/snow care: $50/mo

Vacancy:$100/mo

Repairs: $100/mo

Capex: $100/mo

Property management: $200/mo

Mortgage$462:mo

Total expense:$1443

Monthly cash flow: $657

Annual cash flow: $7884

$22,000 down

Cash on cash return %35

I guess that's what the current owner pays in insurance kinda kills the deal a bit. Maybe because it's commercial it's higher then normal.

I worry about the store front if the current tenant moves or gos out of business it could be vaccant a long time. It's a grocery store and walmarts not far so idk how it stay in business.

I'm really leaning on continuing to save money and wait