CRE Student Who Needs help with Rental Analysis / Advice

[Noah Harms]

Hi, I am 19 and going to school for finance and real estate and have started crunching numbers as a practice to see if I can find some good deals. Based on the information I can find and an Excel template I am using it would suggest this property is a 9.3 cap and would have cash flow after expenses of around $3000 per month. This almost seems too good to be true. I'm thinking maybe some of my numbers are wrong or I have some unrealistic expectations of expenses and rent. Could someone take a look at this and tell me what they think? My rent numbers and expenses are all based on Denver Rent Cafe data and tax history data. This property is located a block from Denver University for context. Also, let me know if you think a 6%ish interest rate and 10% down is not right either.