Is this a good property investment?

[Anna Starling]

Hello everyone

I have found my first investment property that I am considering. It is in a good neighborhood with good schools. This is the initial info I have.

3 suiter-total rents 2500 a month, total gross income 30,000 a month.

seller is asking 189,000. The realtors info provided to me was "annual expenses on the property are 6870 dollars which includes grass cutting, snow removal, gas, water, electric, trash removal, septic maintenence, applicance updates, lighting, painting, repairs, etc. "

When I put this property into the napkin figures It comes out:

Purchase 189,000, Cash to close 42,800, Monthly rents 2500, property tax 300, insurance, 100, Mortgage 800, vacancy 10% =250, repairs 5% = 125

Total 1575 dollars

But when I add in snow removal, electric etc. as additional expenses cited by the realtor of 6870 per year divided by 12:

1575 + 572 = 2147 dollars leaving 353 dollars after all expenses are paid assuming I am being given correct expenses.

Is this a good deal? I tried to figure this step by step on the napkin from the article Rental property numbers so easy you can calculate them on a napkin, and came out in the red. Perhaps I am doing something wrong. The figures on the napkin don't include additional things like snow removal, electric, trash, etc. as the realtor listed among expenses. Anybody willing to discuss this or let me know if this is a good or bad deal?