little help

[Jessica Sexton]

I found a good deal (or so I think) on a 3 unit duplex. The listed price is 104,000. It was sold about 2yrs ago for 256,000. The estimated value on it that i came up with was between 232,000-240,000. (I am, as recommened about to work on getting an appraiser to take a look at it) The properties are all in good condition and are ready to rent out. They are located in a decent area that is growing. The 2 3/2.5 duplex could rent easy for 750 and the 2/2 could rent at 695. After looking at the taxes, mortgage, ins. and misc. stuff I figured my monthly cashflow would be about 416.00. Am I missing anything out of this? Did i figure it all up the correct way?