[Calc Review] Help me analyze this deal

[Christian Jones]

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*This link comes directly from our calculators, based on information input by the member who posted.

More information: The seller is asking $380k. Current rent roll between the 5 properties is $3800. Four of the properties are in Springfield, MO and are SFR. ONE 3/2 and three 2/1. The fifth property is a lake house in Aldrich, MO. I’m still waiting for more information on this one. 

My credit union is telling me it would be an 80% loan on 20 year amortization at 8%.

The seller is offering to finance the other 20% as well as the closing costs. 

So far, to make the numbers work, I would have to buy them for $333k to make $100/door. This is not taking into consideration the payment on the other 20% or closing. 

A 30 year amortization would help the numbers work better. 

Is there anything I’m overlooking?