Newbie would like feedback

Hi all, I just purchased a 10 plex with a NOI of $1300 my mortgage is $523 and I had to put down $21,500. Seller paid closing costs. There is no big ticket deferred maintainence. How did I do? I feel I did OK. The cap rate on this is about 19%.

what was the purchase price? Down payment (guessiing 10%), Gross Rents, taxes, ins, maintance fees. Are the rents low for the market and have room for increases and if so how much and when will you be raising rents? Does the property need any updating to raise the rents or genrally updating to get new tennants? IS it 100% occuppied and are there longterm or shortterm tennants in place? What are the vacanies like over the last 3-5yrs on the property?
Do you have any equity in the property or did you buy it at FMV?

As for me, I do not like waiting so long to recover my downpayment. Based on your numbers you just posted, your not even turning a $100 per unit PCF since youe making only 775 a month NOI after payment. But what about taxes and ins for the basics…

Quite honestly, you could of invested 21K in a mutual fund and probably have a better ROI. but we do not know all the numbers yet.