What do you think?

I have recently stumbled upon a property which fits my criteria for investing currently. Personally I recommend to any investor they need to have a set criteria for their investment. As time goes on that set criteria changes, as goals change, life circumstances change and financial situations change. So one has to be adaptive and in 2 years my criteria will more than likely not be the same as today. My criteria as of now is as follows, this is a simple and quick overlook, my real criteria delves a little deeper, but on first inspection of numbers and condition I can determine whether I should perform more research into the property.

-          Town: Must be close proximity to my current location

-          Neighborhood: College, safe and well established.

-          Property Conditions: Fixable, fairly good condition.

-          Number of units: minimum 3, goal 5

-          Cash flow (Annually and Monthly): Min=$100 per unit per month.

-          Appreciation Potential: Proven history of growth rate, or opportunity for repairs for capital appreciation.

This property meets all the criteria but do my numbers add up. My blog is a place for interaction and for others to learn more about investing, particularly in property. I hope to inform college students and aspiring investors on ways to create wealth at a young age. So below are some of the numbers I ran, I want to know if people believe this is a good deal or whether I should restructure the financing, restructure the strategy (buy and hold), or whether I should abandon the deal completely.

Seriously let me know! The best way to learn is to discuss and deliberate, so if we can get a conversation going it would be great! Leave comments below or tweet me @JFoxFinancial

Purchase Price	$45,000
Purchase Closing Costs	$1,500
Repairs	$0
Holding Costs	$0
Down Payment	$9,000
Total Investment	$10,500
Total loan Amount	$36,000
Number of Units	4
Average rent per unit (monthly)	$400
Total Loan amount	$36,000
Interest Rate	5.00%
Term Length of loan (months	360
Total Monthly mortgage payment	$193
Monthly Insurance	$0
Monthly Property Taxes	$61
Other Monthly expenses	$0
Total monthly expenses (no mortgage)	$61
Total monthly expenses (mortgage)	$254
Other Monthly Income	$0
Total Gross Monthly income (Rent)	$1,600
Total annual expenses (no mortgage)	$732
Total annual expenses (mortgage)	$3,048
Total Gross Annual Income	$19,200
Total annual Income	$16,152
Net operating income	$18,468
Cashflow per month	$1,346
Annual cashflow average	$16,152
Down Payment	$10,500.00
Annual cash flow	$16,152
Annual Cash on Cash return	65.01%
Section 3:
50% Rule: (Expenses/ Repairs)
Total Monthly income x 50%	$800.0
Mortgage Principle and interest	$193
Cashflow based on 50% rule	$607.0
Cashflow based on 50% rule (All expenses)	$546.0
Cashflow per unit (Minimum $100, Goal $200)	$136.50
Profit/ Loss:
Net Annual Income:	$6,552.0
Net Annual Income Per unit (Min $1200, Goal $2400)	$1,638.00