First possible SFR investment. Looking for advice.

[Jonathan G.]

Below is info on the deal.  Any advice would be appreciated.  Let me know if I missed anything.  Thanks!

House cost is $125,000 - negotiate to $122,000 (4/2) 1626 sq ft.

Taxes = $2,582

rentometer states = average rent = $1198, median rent = $1298

Realtor comps for rent = $1,400-$1,600

I ran numbers using = $1,375/mo rent

I plugged in 8% Vacancy Rate, 6% Maintenance, 6% Cap Ex, 10% property management

Here is what the calculator spit back out.

[Bryan N.]

@Jonathan G. 

$100 a door with "security" built in (PM/exp/vac) equals a win in my market. But, that's assuming you are a buy and hold investor. This site is fantastic at educating people on deals and how to calculate them. Unfortunately, all the rules and percentages are not reality in every market. I know people that buy with only a margin of $150 over PITI. Always estimate rent on the lowest side. If the numbers won't work on that, move on to another property. To evaluate the costs of your question visit lowes, Home Depot, or bring a contractor in. As for adding it to the loan, ask your lender. Mine will do it, but requires 25% down for that option and only on SFH. Other lenders may offer better terms, but ask your lender.