Need help- First time Investor

[Courtney Miles]

Hi. 

Hoping someone can help me. I am looking at a house outside of St Louis which is asking $49,000 for 2 bed, 1 bath, $1000 in immediate expenses with a renter till 10/20 at $775 a month. 

My cash on cash percent is 13% at year 1 and 11% by year 5. I am prepared to pay all cash with an annual cash flow of $6,700 at year 1. 

Tenant is responsible for all water, gas, etc so the monthly expenses are low. Property tax is also low at $700/year. 

If anyone is familiar with the area or can tell me what they think of these numbers- it would be greatly appreciated. 

Thanks!

Courtney