Deal analysis of rental property

[Jacob Carlson]

Hey Bigger Pockets!

I would appreciate some help analyzing a deal I'm looking at. 

2919 N 49th Ave

Omaha, NE 68104

 This will be my first deal. I want to get something where I can add value but not a complete gut job for my first one. So, I found a 2bd 1 ba 744sqft house. An older couple is moving. They listed it at $95k a couple months ago and have lower the price a few times and it is now sitting at $80k. 

The house itself is in move in ready condition and should rent as is around $900-$1000. 

I was going to purchase with traditional financing and finish the basement. It is a 6'-2" ceiling height so I can't make it into a bedroom... I was going to make it a living room, add a 1/2 bath and storage in the other half. (Roughly $5k) if it's going to be worth the return. So, possibly there to get more rent and add value. 

I offered $67.5k they countered $79k... I countered $70k they said $75k

So, looking at $75k PP

$900 taxes/yr

$950/ mo rent

The rental calculator told me

$16,500 down (including $1,500 for closing costs)

$149.33 cash flow 

I would manage so that's an additional $95/mo

ROI 10.86%

It's not a home run but it seems fairly safe. 

Let me know if you need any more info. 

What are your thoughts? Thank you in advance!!!