good investment or not?

[Adam Happel]

looking at a duplex and triplex. $300000 total
240,000 financed at 5% for 30 years = 15,460
taxes=2700
insurance=900
property management=6660
repairs/maint=2000
utilities=600
lawn/grounds=500
misc. =1500
vacancy=800

rent income of 36000

net operating=20,340
cash flow after debt service= 4880
taxable income after depreciation and add in principal payments= (751)