4-Plex Rental Analysis - Need Another Set of Eyes

[James Africano]

Hi all!

I've been searching around and finally found a 4-plex that caught my eye around me. I went and was shown the property by a realtor and it looked like a decent property to own as a rental. Great location next to a local university, medical center, and downtown as well. I used the BiggerPockets rental calculator and I think I used decently conservative numbers when doing my analysis. This would be my first property and I was wondering if someone could double-check my calculations to see if it's realistic and to see what people's thoughts were on the return itself.

After all Expenses are factored in, I'm looking at approximately $130 in excess cash flow. Is that something worth pursuing in general? If not, would it be worth pursuing because I used conservative numbers? Currently I don't plan on using property management. However, I know that I eventually will so I went ahead and factored it in. 

Thanks for looking at this and helping out a newbie!