BridgePort CT QUAD analysis/ critique?

[Victor Steffen]

Hello BP Community,

Found this 4-plex 20 minutes from me. My numbers are below and I was hoping to receive some feedback/critique on the accuracy of the pro-forma. Note- I evaluated this as a house hack deal where I would be living in one of the studios, allowing for financing through FHA. I also ran my numbers as if I would be paying rent, just to keep it simple.

Description: 4-plex in Bridgeport, CT (studio 1 bath, studio 1 bath, 3bd 1ba, 3bd 1ba) fully leased right now through June 2018.

List Price: 200,000

Studio Rent = 750

3bd 1ba Rent = 1350

Asking Price= 200,000

Rent Revenue/month= 4200

Down Payment (5%)= 10,000

Rehab= 2000

Closing Costs estimate= 2100

Cash Needed= 14,100

Monthly expenses= 3193

Cash Flow= approx 970/month

MONTHLY EXPENSES:

Mortgage= 1015 (5% down with 30 year fixed rate at 5%)

Water/Sewer= 100 /month

Electric= tenant

Gas= tenant

Property Taxes= 667 (tax data from zillow)

Garbage= 100 /month

PMI= 191 (1.15% purchase price)

HOA fee= 0

Management fee= 420 (10% monthly rent)

Vacancy= 210 (5% monthly rent)

Maintanence= 210 (5% monthly rent)

CapEx= 210 (5% monthly rent)

Am I missing anything major?

Thanks in advance for any feedback.