4 Unit Advice

[Ricky Raleigh]

Hello, I am a newer investor and my wife at I our looking at our first 4 unit home. Its a 4 unit in a nice area, listed at $225,000, doesn't need any work and is fully rented at $3,200/mo.

Details:

Taxes: $4,250

Insurance: $2,400

Maintenance: $300/mo

Vacancy: $330/mo

LL utilities: $75/mo

Monthly expenses: $1,260

Financing 100% through personal loan & mortgage: $1,350

Monthly NOI including financing is $590

Thoughts on this deal? Am I missing anything?

Thanks for any help or input!