Need Help With Decision

[Lisa Daconta]

Hey guys,

I found a 1500 sf 4/2.5 condo in a good neighborhood that I feel might be a good deal. Here's what I have:

Price: $89,900

Rent: ~$1500

Estimated Rehab:$5,000 (I believe this to be higher than what it needs): already has stainless steel appliances, new carpet, nice wood floors, granite in bathrooms/kitchen, etc...

HOA fees: $432/month

Property Taxes: $60.20/month

Insurance: ~$30-$50/month

Finance: conventional loan with an interest rate ~5%

Property Management: $100/month

Repairs/vacancy: 10%

ARV: ??? (I don't have good data to compare)

I'm new to investing and I have no experience with condos. I estimate a net monthly cash flow of $300-$400/month. What do you guys recommend? Anything helps :)