Analysis help

[Mike Bicho]

Looking today inside a 3 family for buy hold. For renovated comp ARV looks to be $200-$220k. Rent assumption is $700/mo/unit. Rehab of $40k. I used 10% each for vacancy, capex, prop mgmt, repairs. Adding additional 40% operating expenses to the p&i, re taxes and utilities. Being very conservative and still yields $212/mo total cash flow for property. Cap rate of 7.5%, purchase cap rate of 10.7%. No money down. What do you think? Thanks, Mike