help analyzing my first deal

[Ryan M.]

Hi, I am new to Bigger Pockets forum and I'm trying to get advice on pulling the trigger on my first deal...The house is listed at 230k and I really don't want to pay more than 205k. After roughly 5k in fixing it up, I'm expecting to rent the unit out for 1700-1750. Although this does not follow the 1% rule as many investors look for, these numbers give me a COC of around 8.9%. I know Bigger Pockets shoots for 12% but Im looking for others opinion if this is a good deal for me to pursue? Thanks in advance for any suggestions.