First deal ever! I think I’ve found a good one!

[Jessie York]

Entering into my first rental property. I will be purchasing the property for $65,000 with 20% down. It is a 2 story house built in 1928 4/2. Each room rents for $300 a month plus utilities. They are all 4 currently rented. It’s in a college town & is probably 300 yards from the college lots of potential to keep rented. Also has a dinning room not being used that I could turn into a fifth bedroom & rent for another $300. Current owner has had house completely re wired & all new plumbing has been done. It’s needs some more improvements down the road but I think it’s a good deal & a good ROI right now. Any advice would be greatly appreciated. My rough numbers show a $350 cash flow.