2nd opinion on SFH for rental purposes

[Alonzo Ramirez]

I have this 3/2 "turn key" rental house in Odessa Tx tied up with seller but would like a 2nd opinion if I should move forward with it. Offer Price- $110,000 Appraised - $113,000 Tax Appraisal website - $90,544 Down Payment- $30,000 PITI = $700/month Property Manager is confident it can rent for $1300 (Confirmed it also on RentOMeter.com) Needs: - new roof - picket fence - could use a new coat of paint in the living room. The appraisal has me hesitant... Thoughts? And Thank you! -Alonzo [keyword trigger: Permian Basin west Texas Advice help oil field Odessa Midland 79762 asset investment real estate single family home SFH meat and potatoes]