Deal Analysis for Franklin SFR

[Annie Li]

I'd love to hear your opinion on a property in Indy southeast suburb, the address is 9610 Pentecost Rd, Indianapolis, IN 46239, listing price is $59,900.  I have difficulty finding comparable comps.  Have to pay cash because furnace and water heater were removed so can't get conventional loan.

Property needs usual cosmetic updates: paint, floor, kitchen cabinets, etc. Rent estimate is $1,100/month.  It's on septic and well, so not sure how that will affect my return because I have no experience on such properties.

Thanks in advance.  

[Annie Li]

@Joshua Bangert @Matthew Schroeder @Daniel Dow

Thanks for everyone's response.  I have decided to pass on this one because of lower rent (my PM confirmed it's between $950-$1150), loan issue and capX expenses.