Advise on first rental purchase

[Rohit Vij]

Hello BP,

I am writing an offer for my first rental SFR purchase at Houston and would love to hear your thoughts on it.

It needs new carpet and paint, I am estimating 7k for that. Cash on cash is not great (only 5%), but looking at the market, that's the best deal I have seen in last 2-3 months.

See detailed calculation here: https://www.biggerpockets.com/calculators/shared/3...

What are your thoughts? Should I take the plunge or keep looking?

Thanks,

Rohit