Do these numbers look correct?

[Mark A. Roberts]

Purch Price: $75k

Rent Ready $ 5k

Total cost = $80k

HELOC used $73k

Owner Capital $ 7k

Expenses: MNTH / YR

T/I = $221 / $2652

PM = $80 / $960

Maint = $62 / $744

Vacancy = $65 / $780

HOA = $168 / $2016

HELOC = $362 / $4344

Totals: $958 / $11496

Income:

Rent: $1300 / $15600

Cash Flow: $342 / $4104 (58.6%)

*Current Reserves: $15,000

I am currently under contract for this townhouse in Houston, Tx and I am a bit in disbelief. Can someone verify these numbers for me and assist if I am leaving out a category for calculation. I am hoping this is a good situation for me. It is a 3bdrm/2.5 bath, 1835 sqft, 2 car garages w/ fireplace, built in 1979. Rent estimates are about $1,184 - $1,459 a month. Currently valued at about $86,000.

I jumped on it after doing my numbers and could not believe them. I double checked and still came up with these results. I must ask for verification. Since it has an HOA are there any specifics I should look into that I may be missing?

Thanks,

[Andrew McKinnon]

Where are you finding a townhome in Houston for 75k? Im more shocked about that