First deal analysis in Louisville, KY

[Account Closed]

First post!  I am analyzing my first property in Louisville, KY. It is a triplex.

Here are the numbers I am getting. It looks like CoC of just 4%, but am I missing something?

The numbers are the "actuals" (per sellers agent), but the maintenance/CapEx(10%), vacancy(5%) are estimates.

The property is in an up and coming area that is revitalizing. The building has already been updated.

Am I being too conservative on these? It doesn’t feel like I am.

Price	175000
Gross rent	26100
Insurance	3156
Taxes	2535.96
CapEx + Maint (10%)	2610
Vacantcy (5%)	1305
Utils	6300
Mgmt	1827
Yearly Expenses	17733.96
Yearly Net	8366.04
CoC Return (no debt)	0.0478059428571429
Debt service	11700
CoC + Debt	-0.095256
Rent per door	-92.61