Triplex Unit- To buy or not to buy?

[Matt Brooks]

Hello BiggerPockets! I am new to rental property and/or multi family property and would appreciate anyone's advice on the below opportunity I am looking at purchasing:

I am looking at a 7 year old triplex unit in TX. The negotiated price is $115k. My local bank is offering 15% down, 7 year note, 30 year amortization. Details with triplex are:

100% occupied, all on one year leases 
7 years old, all brick unit 
3-one bedroom/one bath units 
$550/month rent each-$1650/month Landlord pays water/trash- $125

Taxes- $145 


Insurance- $100 ?? 


Property Mgmt- $165 


Vacancy- $165

With your experience would you consider this to be a solid first multifamily investment? It seems to be from my end, however, I am newer to figuring multifamily investments. Thanks for your help!!