Help me with this deal

[Hoang Bui]

Can anyone help me with this? Feel like I am underestimating the costs. There won't be property management cost as this will be my first property. Very much appreciate your help!

x	x	Downside	Base Case	Upside
Property Price	x	415000	415000	415000
Type	x	MF	MF	MF
Number of units	x	4	4	4
Price Per Unit	x	$103,750.00	$103,750.00	$103,750.00
1% Rule	x	$4,150.00	$4,150.00	$4,150.00
1.5% Rule	x	$6,225.00	$6,225.00	$6,225.00
Assumption	x
x	Down Payment %	5%	10%	20%
x	Year	30	30	30
x	Rate	6%	5%	5%
x	PMI	1.00%	1.00%	0.00%
x	x	x	x	x
Income Per Month	Rental Income	$5,300.00	$5,300.00	$5,300.00
x	Laundry	$150.00	$150.00	$150.00
x	Storage	$0.00	$0.00	$0.00
x	Misc	$0.00	$0.00	$0.00
x	Total	$5,450.00	$5,450.00	$5,450.00
x	x	x	x	x
Expenses Per Month	Tax	$604.25	$604.25	$604.25
x	Insurance	$125.00	$125.00	$125.00
x	Utilities
x	Electric	$41.67	$41.67	$41.67
x	Water	$0.00	$0.00	$0.00
x	Sewer	$0.00	$0.00	$0.00
x	Garbage	$0.00	$0.00	$0.00
x	Gas	$0.00	$0.00	$0.00
x	HOA	$0.00	$0.00	$0.00
x	Lawn/Snow	$31.25	$31.25	$31.25
x	Vacancy	$265.00	$265.00	$265.00
x	Repairs	$400.00	$400.00	$400.00
x	CapEx	$400.00	$400.00	$400.00
x	Property Management
x	Mortgage	$2,588.00	$2,479.00	$2,112.00
x	PMI	$25.88	$24.79	$0.00
x	Total	$4,481.05	$4,370.96	$3,979.17
x	x	x	x	x
Cash Flow Per Month	Total	$968.95	$1,079.04	$1,470.83
Per Unit	$242.24	$269.76	$367.71
x	x	x	x	x
Initial Investments	Down Payment	$20,750.00	$41,500.00	$83,000.00
x	Closing Cost	$10,000.00	$10,000.00	$10,000.00
x	Rehab Budget	$7,500.00	$7,500.00	$7,500.00
x	Total	$38,250.00	$59,000.00	$100,500.00

[Jeremy Wickens]

Property Management should be accounted for even if you are doing it yourself. Would you want to have to sell a property because you couldn't cashflow it and were suddenly incapable of doing it yourself?