Acquiring this property, my numbers...

[Jonathan Napper]

Hello Biggerpockets community! 

This is my first post, Ill make it short.

This is a 2/1 SF home, needs only a exterior paint job and new carpet, at the end of the current tenants lease. Roof is "good for another 4 years" and my numbers are based on paying the full asking price - (Yes, I will negotiate that)  Would you pursue this property? 

Thanks!

PS Any other KREIA members of out there? (Kentucky Real Estate Investors...)

45,000 @ 5.0, 30 Years
House	Per Month	Yearly
Asking Price	$60,000.00
$$ Down	$15,000.00
Repais + Misc cost	$10,000.00
Cash Outlay	$25,000.00
Gross Rent	$650	$7,150
50% Rule	$325.00	$3,900.00
TRUE NOI	$325.00	$3,900.00
Debt Service	$228	$2,736
CASH FLOW	$97.00	$1,164.00
COCR	0.39%	0.04656
CAP RATE	0.005416667	0.065
Payback	0.00388	0.04656
Payoff	288.6597938	24.05498282
CASH FLOW	$97.00	$1,500.00
~EQUITY ACRUAL	$228.00	$1,800.00
APPRECIATION	$50.00	$600.00
TOTAL RETURNN	$375.00	$3,900.00
TOTAL ROI	1.50%	16%