Advice on a rental property

[Brandon Kalker]

Purchase price $50k Turn key 3 bed 1 bath rental at $750 monthly on a month to month, the area averages 850 - 900 rental

These are the numbers I got

Rental income $750

Tax (Virginia) 1,111 Annually 

Insurance $83

Vacancy $40

Repairs $100

Mort age (10k down on a 3% interest) $169

Total month expenses - $584

Cash flow - on the low end 750 $166

ROI

Down payment 10k

Closing $1,500

Rehab 15k

Investment $26500

Annual Cashflow 7.5% 

Take note this is on about an acre of land and Iin the future would be able to reaise rent easily $100 or more

Should I pass this up or move forward? 

Thank you all,

Brandon K