Help analyzing a deal!!

[Frailyn Hidalgo]

Hello everyone i need help analyzing this deal. The property is in Bronx NY. Its a Four-plex,

 The ground floor is a 1 bedroom apartment and 2nd-4th floors are 2 bedroom apartments, both with a balcony. There are 2 gated parking spaces behind the building. All leases have expired and tenants are currently paying month to month. 

Apt 1: $1,200 (1 bed 1 bath) lease expired potential market rent $1,700 Apt 2: $1,300 (2 bed 1 bath) lease expired potential market rent $1,900 Apt 3: $1,350 (2 bed 1 bath) lease expired potential market rent $1,900 Apt 4: $1,300 (2 bed 1 bath) lease expired potential market rent $1,900. 

*INCOME YR

rent;$61,800

*EXPENSES YR

taxes: $11,200

insurance:$1,600

other expenses:$7,500 (estimate)

Listing price is $698k, looking to get a FHA loan. The property can use some light rehab, self manage. Close to public transportation shopping centers and entertainment. 

Any other numbers or specifications please ask and i'll do my best to find the answer. 

[Bjorn Ahlblad]

@Frailyn Hidalgo you should run the numbers through a calculator to get a truer picture of all your expenses. Right now you sound like the seller! ;<)