[Calc Review] Help me analyze this deal

[Billy Sarno]

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Please tell me what you think. This would be my first investment property. I'm interested in a multi-family unit. I found this four-flex in Omaha. I would put down 20%. They are asking $110,000. I would offer $80,000 or $90,000. I would put $30,000 into it. The area is getting at least $600/unit. I built my projections on $600/unit, renting out all 4 units, which totals $2400/month. This house is pretty close to the new up and coming area called, "Midtown."

It's also close to U of Nebreska medical school (please forgive me if I've missed the exact name.)

Thoughts?

Thanks,

Billy