Help on bulk house purchase

[Austin S.]

Hello, have my first opportunity to buy 6 properties from an investor.

Bottom Line: 216k for 3350/month in rent.  

I posted the full analysis below and these numbers seem like they would work, my worry is this is a bigger deal for me, i currently have 4 rentals.  A few of the houses are rough and will need roofs over the next few years and some are pretty old as well (built in 1920/1900). None are in good school districts/good areas.

The investor is getting out due to a move. I have purchased 2 of his properties previously and they have cashflowed really well.

Any thoughts?

6 Houses	Date	11/23/2016
Purchase Price	216,000	Loan Am (Yrs)	20
Down Payment $	43,200	Rate %	0.0495
Vacancy %	8%	Monthly Rent	3,350
Repair/Maint %	10%	Rehab Expense	-
Management %	10%	# Of Units	6
Taxes & Ins %	15%
Loan Amount	172,800	Projected 1st Year Income Stmt
Monthly Payment	1,136	Gross Rents	40,200
Cost Per Unit	36,000	Vacancy	(3,216)
Net Rents	36,984
Projected Cash Flow	Taxes & Ins	(6,030)
Gross Rents	40,200	Repairs/Maint	(4,020)
Vacancy	(3,216)	Management	(4,020)
Net Rents	36,984	Interest	(8,554)
Taxes & Ins	(6,030)	Depreciation	(7,855)
Repairs/Maint	(4,020)	Taxable Income	6,506
Management	(4,020)
NOI	22,914	Cap Rate Value
Debt Service	13,628	12%	190,950
Excess(Defict)	9,286	10%	229,140
DSCR	1.68	9%	254,600
ROI	21%	8%	286,425