How does my analysis look?

[Steven Dreyer]

I'm still a newbie and want to see if my analysis is correct before I move forward so any help is greatly appreciated! It is a nice triplex in a decent area and hopefully will be my first deal!

Asking Price: $65,000

Down Payment (20%): $13,000

Closing Costs (2%): $1,950

Finance/Interest/Term: $52,000/5%/30 yrs

Mortgage: $276

Rent: $1650

Vacancy (10%): $165

Operating Expenses (50% Rule): $825

Cash Flow: $381

Cap Rate: 12.2%

ROI: 8.8%

Rent to Value: 2.5%

So as of right now I think it's a pretty good deal. I intend on having a PM manage the property which I assume 12% in the operating expenses. The rents for a place like this are also low. Comparable properties in the area may get $650 a door for a similar size and roomed property. Any input will be greatly appreciated!