Single Family Rental Deal

[James Syed]

Hi everyone,

I need help in analyzing this (Single Family) purchase. Here it is;

Purchase Price $25,000

Rental Income $550 / Month X 12 = $6,600 Yearly

Taxes $800

Insurance $800

Repair $1000

Reserve $1000 (property is more than 50 years old)

Property Management 10%

Vacancy Rate 10%

Financing 5.25% over 15 years

How much should I offer? I want a minimum of $100 per cash flow.