4Plex Analysis - Need Opinions!

[Jared Sanderson]

Evenin' BP! Looking to purchase my first rental and found a 4plex I'm interested in. Rents are $800/unit...probably fetch a bit more with updated units but using $800 for my analysis. C- neighborhood, only looking at it to cash flow. Price is $63k, will need good amount of rehab. First glance estimating $40k but going to walk thru with contractor to know with more certainty. Assuming that rehab budget...are my other numbers reasonable? Since units will be rehabbed, I feel I'm assuming too much in repairs and CapEx. I've got a management number, may do it myself but have it in there. What else am I missing?

Appreciative to all opinions, constructive and otherwise.  Am I bat**** crazy on this one?