Need feedback on 24 Townhouse deal

[Michael T.]

Have found a property that meets my area economic criteria, net population increase, strong employment growth, slowdown in building permits, higher than average income. Would appreciate any advice on the below numbers in order to estimate an offer price.

Listed price- 1.1 million

GOI- 165,600

Expenses-

Taxes 15,300

PM 15,800

Vacancy 9,400

Repairs & Maint 6,000

Utilities 2,300

Insurance 3,200

Reserves 3,800

General Admin 1,800

Marketing 1,000

Expenses- 58,600

NOI- 107,000

Occupancy- 83%

Built- 1997, no deferred maintenance

Have a contractor visiting the site next week and should have all the income and expenses verified about that time. Any thoughts on offer or issues. Will be looking to put 35% down and secure 715k loan at 5%.