First time Investor

[Niti Bhat]

So we recently purchased a townhome in Raleigh (2004 built) for 132K (all cash) and it is currently on rent for about $975/month and hoa is about $100. The lease will expire next year so we cannot raise the rent (although the rental in that area is around $1100). The inspection as expected came back with some defects, nothing major as termite but some leaks in faucets, hot water not coming in one bathroom and other several issues.

We were wondering if it was all worth it? Since it was our first investment so we did not realize what we were getting into.