Getting Cold Feet in Alaska

[Christopher Paulson]

Hi All! I've been working on a deal local to me in Alaska for a few months. It's an 8-plex with 4 1/1's, 2 2/1's, 1 studio, and a 4/2 unit. Gross rents are $9880 with an $800,000 purchase price. The loan is a 30-yr, 80% LTV, and 5% rate. I estimated about 170k in closing costs but am getting sticker shock when I see it's going to be 184k to close. I guess I'm just looking for somebody to give me a sanity check and say whether or not this is a good deal. I've invested heavily in the stock market throughout my life (I'm 30) but haven't ever taken a dip into the real estate game. The image is the spreadsheet I used to analyze the deal. Please let me know your thoughts!