Thoughts on my purchase

[Robert Beardsley]

Ok everyone what are your thoughts on this purchase.

this property is in South portland maine. asking price was $600k, sell price was $582k seller paid all closing(11K) i also got $3,500 from the seller to pay for some work that was needed. i did get another 1k from seller also for some other stuff. interest rates is 2.875%. i know some dont like this idea but i am 100% leveraged as id i didn't bring a downpayment

4unit

rents are 1350,1375,1150,1300=$5,175

i will be house hacking for atleast a year as its a VA loan but for the purpase of this question i left all the units rents in the calculation

expenses are about 2100 rounded(gas,electric,capx, maintenance and water/sewer)

mortgages just under 3000 rounded up(principal, insurance and taxes)

so ill be cash flowing about 75 a month. 

this area is a high appreciating area... or it was who knows with all this covid. part of my thought process on this deal is that my loan will be getting paid down over 10k a year and even if appreciation goes slows there is some room for forced appreciation. 

what are your thoughts?

[Jeremy Wirths]

@Robert Beardsley did you include PM in your expenses? I don't see it listed. Do you have any roommates that are helping you cover the 'rent's your unit? Anytime you have someone paying down your mortgage for you is never a bad thing. Where in SoPo is it?