Is this deal worth it ...?

[Kitty Jedra]

Hello,

I am a new investor and I could use some help analyzing this property located in North Plainfield, NJ. My plan is to purchase and hold.  I think it's a good deal if I can purchase it for $400,000, but the figures as of now are:

Fourplex

Sale Price $450,000

Taxes 12,561

Insurance 1,500

Water 1,680

Trash 1,800

Income 4,900

I appreciate any advise or feedback you could provide. Thank you!

Kitty Jedra