Feedback on deal in Cleveland

[Nicole S.]

I'm about to jump in to my first out of state deal and I'd love some advice.

• 1200 sq feet 3br/2b in Cleveland area (good, safe neighborhood), house totally renovated
• $90,000 purchase price with 20% down
• Estimated rent $950-1000
• Expense assumptions: assumptions: $70/month insurance, $170/month taxes, 15% expenses & capex, 8% prop management, appreciation 3%

I figure it should conservatively cash flow $450/month.

Does that sound about right? Anything I'm missing?

Thanks in advance!

Nicole