Buy and Hold Analysis (First Time, Help?)

[Ryan Milne]

This is my first attempt (other than daily practice) at running actual numbers for a buy and hold rental property.

The listing read:

"Nice triplex with good cash flow for sale by retiring landlord! This property has been well maintained and sellers are motivated!"

Other Information:

Built in 1993

Listed for 222 days

7 Bedrooms and 3 Baths (No information on how that is broken up)

2826 sqft

So I did some numbers on it and tried to be as conservative as I could to see if this is even worth calling on.

Purchase: 125,000
Cash To Close: 20,000
Monthly Rent: 1,200 (I understand this is a guess especially not know the actual configuration of the triplex, so I went low with 400 a door. Rentometer said 528 for 1B1B, and 590 for 2B1B )

Prop Tax: 125
Ins: 80
Mortgage: 483
HOA: 0
PM: 120
Vacancy: 10% 120
Repairs: 5% 60
TOTAL: 988

Income - Expenses = Cash Flow -> 212

CAP Rate = 6.8%
Cash on Cash = 12.72

If possible could someone talk me through any glaring mistakes I could have made not to the point of making an offer but just to the tune of, is this even worth a call?