help me anaylze this 5 unit deal

[Will Kirkendoll]

hello BP. I need some help evaluating this 5 unit deal. I never dealt with commercial yet. I came across this on loopnet. my fiance which is a realtor tried to call and no answer then she text the listing agent and the agent said the deal fell apart friday. I don't know the reason yet it was contingent on inspections. I haven't seen the property yet from the look of pics looks like some shingles are missing. as far as numbers the listing agent sent over the rent roll. can someone give me some feedback on this. 2 units are vacant. list price is 84,500... thanks  

[Michael Broudy]

At quick glance the NOI is around $14,000. When you factor in financing you are looking at maybe $4,000 - $5,000 in profit left over. That is without property management or any deferred maintenance, etc. In my opinion, you would definitely need to have increased rents and potentially a lower purchase price to even consider the deal.