Analyze this deal; any help appreciated!

[Kenneth McKeown]

Let me know what you think as my potential first investment! 

4-Plex 

Purchase Price: 200k

Currently tax appraised at 218k

3% downpayment

Total Loan Amount: 194,000

Texas Teacher Heros Grant: 4% or 7,760

PITI: 1729/month (1056 P&I, 513 taxes, 100 insurance, 60 PMI)

Currently renting out for $525/$550/$550/$600 but plan to bring them all up to $600 and house hack one unit. So $600 for three units and rent out the other. 

More info on the property... Roof replaced in summer 2016, all units are renovated completely within last 2-3 years, brick building with pier and beam foundation with concrete perimeter foundation. I could also potentially use my VA loan which would require 0% down.

In the end.. I've ran my numbers on BP roughly and got around 50% cash on cash return (because I'm not putting much down at all), while getting about $400 in cash flow a month (I used $2400/mo though with the numbers as if I wasn't going to live in it). Let me know what you think.. and thanks!