NEED HELP! Analyzing 4 unit Houston Property.

[Account Closed]

Not soliciting just want some advice on a high level.

PP $348,000

FHA Loan 3.5% Down

Interest Rate 3.125%

Closing Cost Estimate $8700

PITI $2650

Property

4 unit

Built 1974

Sqft 2978

Unit Mix

1 1bd1ba rent -$725

3 2bd/1ba - $780

Gross Income $3065

Deposits held (refundable 1st months rent)

Fully occupied

Tenant pays water/gas/electricity (individually metered)

Upside

Increase rents to market about 10-12% under market

Implement surety bond for non refundable deposit

Add on site laundry for additional income.