What to do with confusing info...

[Shawn Root]

Ok, maybe someone can help me understand what's going on here. I saw a multi-family property in a nearby area that I thought looked interesting.

Details:

List Price: 259.9k

6 1/1 units

all recently upgraded with new paint, granite counters, etc.

I asked for financials and the RE agent has been very helpful contacting the seller, but what he is sending makes no sense to me.

1st attemp:
2013
Avg Monthly Rev	$3,600.00	$43,200.00
Avg Monthly Exp	$2,500.00	$30,000.00
Avg Monthly Pos Cash Flow	$1,100.00	$13,200.00
2014
Avg Monthly Rev	$3,854.00	$46,248.00
Avg Monthly Exp	$2,300.00	$27,600.00
Avg Monthly Pos Cash Flow	$1,545.00	$18,540.00

Then came the projection for 2015

2015 projected numbers:

Operating Income - $45,360.00

Operating Expenses-$16,000.00

Taxes - $8,000.00

Net Income - $21360.00

I was asking how the expenses keep going down. I wanted to know what was going into the calculations. I'm kind of a numbers guy. I just got this:

Property tax (575.00 monthly)	$575.00	$6,900.00
Insurance (370.00 monthly)	$370.00	$4,440.00
Maintenance/Prep ($267.00)	$267.00	$3,204.00
Lawncare	$85.00	$1,020.00
Nat Gas	$23.00	$276.00
Extermination	$17.00	$204.00
City Fees	$6.00	$72.00
$1,343.00	$16,116.00

Aside from the fact that the info is inconsistent, what should I be asking about? On the surface, it seemed like a good deal for the price.