SFR rental in C class. Good deal?

[Jesse Richardson]

Hi BP,

I'm working on another deal and was wondering what you all thought as experienced investors.

It's an SFR in a C class neighborhood. It has 4 beds and 1.5 baths about 1670 sq. Ft.

Asking price is $35,000, but hoping to get it for $30,000 for a cash buy.  It needs approximately  $10,000 to get it rent ready.

Rent is roughly $900 to $950.

Insurance is $72/month

Taxes are $150/ month

Water/sewer is paid by me and is estimated at $70/month.

I estimate repairs, cap ex, maintenance and vacancy to be 36% total.

No mortgage.

That puts me at around $250 to $300 a month cashflow.  I'm not expecting much for appreciation.

Would you do it?  What do you think?  Do you need more info?

Thanks,

Jesse