Dear Expert Property Analyzers:

[John Sherron]

Hey BP Family, im a rookie here and Im trying to analyze this deal I found and need some of opinions on what my next move should be. Im curious to hear some the expert opinions on this one. Here's the numbers: Purchase Price: $150K Appraised a year ago at: $205K Monthly Rent Income: $2575 Property Management: $257.5/mth Property Insurance: $123.67/mth. Property Tax: $296.9/mth.   NOI: $1896.93.   BP Calculator Stats: Total operating expenses:$960.87 Mortgage expenses:$777.05  Vacancy:$189.70 Repairs:$189.70 CapEx:$284.55 P&I:$777.05 Property Taxes:$296.92 Purchase Price:$150,000.00 Purchase Closing Costs:$3,000.00 Estimated Repairs:$6,500.00 Total Project Cost:$159,500.00 After Repair Value:$205,000.00  Monthly Income:$1,897.00 Monthly Expenses:$1,737.92 Monthly Cashflow:$159.08 Pro Forma Cap:5.48% NOI:$11,233.60 Total Cash Needed:$14,750.00 Cash on Cash ROI:12.94% Purchase Cap Rate:7.49%