Need more eyes on these numbers

[Aaron Bard]

Hi everyone,

exciting News!

I found an off-market deal in my area and the seller is a lovely retired snowbird who is very willing to consider seller financing!

The Numbers (rounded up): 

6-unit multifamily property.

Asking price - ~$450,000

Gross rental income - $6,075

Insurance (yearly) - $1,311

RE Taxes (yearly) - $3,980

Heat for Lobby and Hallways (Winter Average) - ~$700

Water & Sewer - Unknown

Deal Terms (to be proposed)

2.5% down in cash at 4% interest on a 15yr fixed. Seller financed.

Closing fees are undecided.

According to my math, this leaves my monthly payment at $3,245 before taxes and insurance.

Math

$6,075 - $3,245 - $109 - $332 - $700 - ($150 W&S)

= $1,539 cashflow p/m

Any other eyes on this would be much appreciated and I am grateful for any advice given.

Thanks!