Analyzing a deal- what are your limits

[Tim S.]

I'm getting ready to put an offer in on my first rental property- a single family 3 bedroom home in a good neighborhood. I've read the BP guides and have done a ton of reading on the forum. I know it will vary by location and by each investor but what numbers do you like to see when analyzing a deal? What's your minimum profit margin? The house I'm looking at is 45k purchase price, 20% down. 2000/year taxes. 600 insurance. There are just a few small projects to do totaling 10k in repairs (rounding up to be conservative). ARV would be 115k. Comparable homes rent for 800-1000. Being conservative, I figure I can easily get $850/month for rent. How would this fit your parameters for a profitable rental property?