[Calc Review] Help me analyze this deal

[Matthew Kinsella]

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*This link comes directly from our calculators, based on information input by the member who posted.

New potential investor. Just trying to get my feet wet here and I honestly don't know if I would go for a 6 unit commercial loan like this one for my first investment but I wanted to see what ya'll think.

This CoC return at $400 + per door seems too good to be true. 6 unit building on North side of Chicago. Assuming 5% for repairs, Cap Ex and vacancy, no other expenses as tenants pay for those. 25% down (commercial loan), 3.5% APR....also selling price is the listed price, obviously have not even reached out to negotiate.

Estimated rental income may be a little high - rent estimator is for 2 bedroom / 1 bath X 6 units, however 1 out of the 6 units is a 1 bedroom. Doesn't seem to make much of a difference.

This will be turnkey and the building is fully rented out. I am curious if I would be privy to the current rent price's before purchasing. 

Please critique me to the fullest, I am currently in learning stages without any properties under my belt. Looking to make a move on my first soon. Thank you!