First rental property deal! What do you think?

[Daniel Porter]

Soooooooo I've been browsing around for house hacking property in my area of Dallas and I've finally found one that I think I can make work, but I'm really new to this so I'm unsure about taking that leap of faith. Here's the estimated numbers so far... 6b/3b triplex Built 1925 Don't know last renovation Colonial revival style Growing part of town $110k total $1,200/mo income (other 2 un @$600each) $560/mo estimated mortgage $123/mo taxes Don't have a solid insurance quote $240/mo (10% ea for vacancy and repairs) After crunching that I came up with over $250 cash flow each month, and getting to live for no money each month, which is a huge incentive for me. And it's about 10-15minutes from downtown. What do y'all think? Thanks in advance, BP community! :) -dan