Please help 4 plex

[Greg P.]

Hello, I am planning on purchasing a 4 plex and wondering if anyone could help me work the numbers. Purchasing on a Contract for deed. Purchase price $120k, 5.5% interest over 30 years. $7500 down. No Balloon. New Roof. Total rents $2200, fully rented and has a long waiting list. Tougher area but not warzone. Still need to get expenses, but owner pays for gas, electric etc. Is this a deal to pursue? Thank you!