Deal Or No Deal? 98550 Zip

[Devon Calhoun]

This is my first property, let alone first multi family in the 98550 area(anyone else invest in that market?) which is already occupied (cash flow!) so I ran some numbers on it and this is what I came up with. 

2 Units/2480 sqft 

Purchase Price:$99,000

Asking Price:$80,000

ARV:$150,000(if everything is new)

Closing Cost:~$1600

Gross Rent:$1600/M 

Vacancy:5%

Operating Expenses:$663/M 

Cash Flow:$470 ($235 per unit)

Cap Rate: 12.9%

Cash in cash:58.8%

If any addition info is needed or if I’m missing anything please let me know but so far this is what I got...Deal or No deal??