10 unit deal question

[Doug P.]

10 unit apartment building in West Palm Beach, FL

Price 445k but they seem motivated and say "bring offers"

the building has 10 2x1's rented at $700/mo with a couple unrented right now.

I'm thinking offer 375k lets say all said and done its 400k thats about a $2400/mo mortgage.

+$7,000 rent/mo
-$3,500 expenses
-$2,400 mortgage

=$1,100/mo Cash flow or $110 per unit

Is this a deal?