4 plex Multifamily analyzing deal

[Shlomi Mor]

Hi guys I am looking to purchase my first Multifamily this would be a first deal in real estate I found with my broker a property I am thinking maybe a good deal but I would like your thoughts on it . 4 unit Multifamily centrally located in west Chester NY Income 3720$ Expenses Mortgage insurance and taxes is 1276$ a month Vacancy 186$ Repairs 186$ Cap ex 186$ Management 372$ As of now the landlord pays electricity and gas 600$ a month Water and sewer 50$ a month I was thinking if I take the property and put separate meters for water and electric I can have the tenants pay their own utilities Please share your thoughts on the deal