Analyzing a rental property

[Jayrold Johnson]

Hey guys, I'm still a newbie in real estate investing, my questions are the following: Is buying 10-20% low market value on a rental property reasonable? If not, what is the right percentage? What is a reasonable ROI, cocRoi, and cash flow? House I'm looking at was $69000 but accepted offer $65000, 20%down, 5% interest. House is a brick home single family, 2bed 1bath, with attached garage. House is ready to rent and really in good condition in and out and has been renovated. I also made a repair request which the owner accepted (small leaky faucet outside, new windows for kitchen and both bedroom and bathroom, Ac condensation and and capacitor, owner also pays home warranty for a year. I still have to do a final walk through. Rent around the area is $600-$750. If I do close on this prep pet, what would be a reasonable cash flow if I decided to rent it out for $650? Is this a good buy? I appreciate any input. Thanks !