Newbie Rental Analysis Needed!

[Lauren Apicella]

Hi all,

Wondering if you could give me some feedback on these numbers. This will be my first rental so much advise would be appreciated!! This home is in a good area, right near several colleges - therefore it would be rented by college students:

Purchase Price - $150,000

Annual Rental - $31,020

Expenses (taxes, insurance, repairs, utilities, PM, etc.) - $16,544 

NOI - $11,892

Annual Mortgage - $6,162

Cash ROI - 11.18%

Total ROI - 14.66%

What do you all think about these numbers? Does this seem like a good investment to you? Thanks in advance!!