Is this a good deal?

[Simo Hak]

I saw a house that is up for sale in my town ( Louisville, KY). It is a single family house advertised for $69,900 and I was able to get the seller to go down to $64,500.

Here are the facts about the house

Single Family Home 2bedrooms 1 bath updated Bungalow with convenient location. Updated Tilt-in Thermopane Windows, HVAC, Bath, Flooring, Roof. Front bedroom lacks built-in closet, Master Bedroom has wall of closets. Washer & Dryer stay, Nice fully fenced rear yard. Plus storage shed.

Lot Size: 0.14 Acres & House is Sq. Feet: 800

Seller is selling as is with no repairs and I am required to pay the closing costs.

I am willing to put 20% down therefore avoiding PMI. The purchase of this home is solely to rent and have no desire to "flip" or sell within few years.

The rent average of similar homes in the area is $750 - $850

Is this a good deal? Any advice is greatly appreciated as this will be my first real investment