Is this a good deal? Cash on Cash Rate? Annualized Total Return

[Tonya Thompson]

Hi Newbie Here

Considering purchasing a 3br 2 bath  (1136 sq feet) to rent in the Texas area (rural area near Beaumont, TX)

Price = $59900

Down Payment = 10% (through finance company listing it for sale)

Interest rate = 6% (through the finance company listing it for sale)

No closing costs

Property Tax = $986/year

Mgmt Fee = 10% of rent

Home Insurance = $1100/year

We would rent the house for $900 to $1000/month

This would be our first investment property. House is in good condition. No major repairs needed. 

Is this a good deal?