First Investment Purchase?

[Joe Young]

Hey everyone,

I am looking to purchase my first building and would like some counsel from experienced investors.  Attached at the bottom of this post, you will find a link to a calculator where I have input all of the information for the property.  A cap rate of 4.85% makes me a bit nervous, but this property is in a great location and according to the seller and listing agent, is in need of 0 repairs and is fully rented with reliable tenants.  Am I rushing?  Should I hold out for a better deal?  Is there more information needed to make an informed decision?  If you have time to look over the numbers, I would really appreciate it!

https://www.calculator.net/ren...