OK. In all seriousness, that would be about 7% gross on a small property (4-unit). Since its 4 units you can get a conforming loan at about 6.5% with about 25% down.
That’s not horrible. But not great, because after maintenance it is likely to have little or negative cash flow.
P&I = 4000 / month
INsurance = 200 /month
Taxes = 800 / month
Total PITI = 5000 per month
Maintenance might be ~ $700 for month long-term average
So, this would only make sense if you are assuming appreciation. Also, what about property management, probably another 500 per month if not self-managed.
In an all cash deal, you might expect to net about 4-5% of your investment after expenses (before taxes). IN that case it would only make sense if one had a large carryover loss from a previous property or something.
This is far from a great deal, but seems appropriately priced for last years’ market expectations (soft landing).
I’d bet that if someone bought this today, they would do pretty well over the next 20 years, but I think that there will be much better deals than this over the next couple years. Just my amateur opinion.