Help analyzing a deal

[Joe K.]

Hello All,

I'm having trouble with the math portion of investing. Can someone please help me in figuring out if the below property is worth investing in. In what ways can I quickly analyze a deal I see on paper? I know of the 50% rule but are their any other tips?

Reading,PA 19601

3 Unit Apartment Building
1st Apt - 2b/1ba (rent - $850)

2nd & 3rd Apt - 1b/1ba (2 x $700)

Gross Income - 2250

Taxes - 125/mo (1500/yearly)

Insurance $55/mo ($650/yearly)

Management - $225 (10% collected rent)

Total Expenses - $405/mo

Asking price - 59900 cash only

Repairs - 45 - 70k(Total Rehab)