First Multi-family purchase. Very rough numbers but so far looks promising. Any opinons or suggestions

[Corey Hajduk]

I just raised enough capital for my first Multi-family purchase and have been looking for a couple months now for a good buy. I'm looking in several different areas in Michigan. The areas I'm primarily focused on are Livingston County, Kalamazoo, Ann-Arbor, Ypsilanti and Lansing. I would like to buy several units and have all of them within the same area making management easy. I think I finally found one that's worth taking to the next stage and contacting the seller's agent to set up a walk through, here are the quick rough numbers….

Purchase Price: $129,000

Down: $25,980 (20%) 

Payment/Month: $775 ($9300) 

Closing costs: $1249 

Management costs: $298 ($3570) 

Expenses: $298 ($3570) 

Average Rent/Unit: $745

Total First Year Expenses: $43681 

Total First Year Income: $35760

The building is a 4-Unit, 2 bed 1 bath per unit, that appears to be in average shape and the description claims to have a "clean and updated interior" but no interior pictures are posted online. It is also in a good neighborhood of Kalamazoo, 5-10min from WMU campus. 

What do you all think? Worth it to take up to the next level? Like I said 100% rookie here so everything helps. Thanks