Checking my numbers

[Patrick Hamm]

Hello everyone,

Thinking I found a pretty good deal here, but want a sanity check on my math.  Really appreciate and thoughts anyone has.  This is for a triplex that is currently occupied.  There are two 2/1 units and one 1/1 unit.  The numbers are as follows:

Sales price: $115,000

Insurance: $452/year

Taxes: $1252/year

Utilities (gas, electric, water, sewer, trash) (Unfortunately two of the units share a meter, so these are paid by the landlord for simplicity sake): $300/month

Rents: $1645/month

The roof has been replaced within the last year.  The current owner has also redone electrical, and updated the interiors within the last 3 years.  Water heaters are 6 years old, so hopefully don't need replacing in the near future.  One of the units has had refrigerated air installed recently, but the other may need a swamp cooler replaced in the next couple of years.

I'm planning to put 25% down, and can finance the balance at 4.375% for 30 years.

Thanks in advance for any feedback!