OK investors, need your expertise on deal analysis and vendors!

[John Moore]

Hello, 

Currently running numbers on 6 units in OK. Would like to know if any experienced OK investors would have some time to review my numbers and let me know if I missed anything?

$210,000 price

2x SFR and 4 (1 bed Units apartments). Well maintained properties. No heavy rehab needed.

$2870 PM (some rent upside as these are a little under market)

$325 PM -  Owner pays water

$491 PM - New taxes and insurance  estimate 

$1200 PM - Debt service estimate

$143 PM -  cap ex (5%)

$300 PM. -  Maintenance estimate

$411 - Gross PM cash flow. 

Do these numbers look good to you? What am I missing in my evaluation?

Best regards

[Joe Villeneuve]

So you're buying 6 units, and only getting $411 total CF? ....less than $100 PM/unit?  I'd run so fast away from this deal(?) I'd need burn lotion on my feet.