Rental Property Expenses for Analysis

[Benjamin Barredo]

hello everyone.

I'm currently doing my homework and analyzing 1 deal a day for potential rental properties. I think I found a great foreclosure in South Knoxville but I want to make my analysis as accurate as possible.

What expenses do I need to include and what is a good average amount for each.

My analysis is for a 2/1, 1339sqft house. It's being appraised on Zillow at $79k but it's at the bank and I think there's a good possibility of getting it for $50k-$55k.

Electricity would be paid by the tenants, but since it's in Knoxville, doesn't that mean they'd pay the water or would I? How much should I figure that to be? I was guessing $50/month.

What about homeowner's insurance?

PMI? Garbage? Other?

I'd manage the property myself.

What about future assumptions for repairs and maintenance?

Thanks a lot.