Please evaluate this property (1st time doing this)

[Account Closed]

Hello,

  I'm starting to practice analyzing deals and I was curious what you all thought of this listing...  The strategy would be to buy and hold/

For the sake of evaluation, let's say that Mount Vernon is a C- to B- neighborhood.  

https://www.realtor.com/realestateandhomes-detail/...

3BR 2 Bath SFR (1602 sqft) in Mount Vernon, Ohio

1 Car Garage

Listing Price $74,900

Average Rent per Rentometer $850

Taxes in 2017 $1210

Insurance (estimate) $250/year

My thoughts are that the monthly payment will be around $430 if I put 15k down on the listed price. 

This would leave me with a $210/month cash flow after the 50% rule.  This doesn't take into consideration vacancy and capital expense.  I'm not really sure what the cap ex would be but, to be conservative I'd put the vacancy at 10% ($85) and that takes my monthly cash flow down to $125.  

Also, does Capital expense come into play if you are still working an FT job and able to save a substantial amount each month?

Again, this is the first time I've practiced looking at a deal and I'm NOT buying this place.  I'd love to hear your feedback!!