First post, deal advice

[Michael Ketchen]

Hi All,

First time poster with a question I hope this community can help with! We are looking at acquiring a multi family for $275K with 20% down. The issue we are running into is trying to determine if the numbers add up to this being a good deal or a poor one. I believe, If I am applying the  50% rule correctly it doesn't add up, but I would love some feedback!

The overview:

Purchase price: $275k

20% down: $55k

2 units: $1400 rent per unit

Taxes: $250 per month

Thank you for the help and the feedback!