First Purchase Help Me Analyze!

[Karen Cornett]

I'm looking to purchase my first rental investment property. It's a triplex, currently rented at $2150/month. Utilities paid by tenants.

Purchase Price $95k

Downpayment $23,500

Question - do I need 25% down to finance a multifamily if doing a convential loan?

Repairs? Not sure yet, if just needing new carpet/paint etc estimating $15k

(Husband is a plumber, knows a ton of reliable and affordable contractors and can do a lot of work himself)

Mortgage 30 yr Convential, including taxes and ins payment roughly $531

Property Mgmt 10%

Estimating on high end for these:

CapEx 10%

Repairs 10%

Vacancy 10%

Cash flow $759

50% rules is cash flow of $544

Are my numbers correct and is this a good deal? ARV is estimated at $140k at least.