Looking for help and thoughts analyzing a deal.

[Jennifer Kobasic]

Good Evening,

My husband and I are new to the real estate investing world and we are looking for feedback on a deal we have been

looking at. 

Property is located in the Spring, Texas area 

List Price $155,000

Taxes $4,279/YR

Rent: $1,550-$1,600

We would be putting 20% down

Insurance: $1,100

Potential Neighborhood fee of $100. annually

In my calculation I figured in Property Management (5%) we plan on managing it ourselves but felt we should still build that in.  10% for Vacancy and 5% for Repairs monthly. Its showing around $60 cashflow.  

Thoughts?

Not sure what the estimated cashflow is in this area. 

Thank you for your time and advice. 

Sincerely,

Jen