Good Deal?

[Mike Kruser]

The property is a 3 unit. each unit is rented for $900 a month which = ~$2700 of rent money, with tenants paying the utilities(Heat/AC etc.) The property is listed for $180,000.

Down payment: 10% (18,000)
P&I: $880
Insurance/Tax:$400
So that's around ~ -$1,300 now if i subtract $1,300 from $2,700 thats $1,400 in positive income. Now that %50 i dont really use that much because I will do the maintenance work myself and landscaping too

Tell me if the numbers are way off or close and sound like a deal?

Thanks a million!
~Mike