First Deal Analysis

[Cody Cervellera]

My wife and I are in the process of acquiring our first rental property. Property is listed for $57,900 and is a 2bd 2ba, but the layout of the 2nd bath is too large so can be converted to another bed. Comparable rents in the area are roughly $750 for similar properties. A new roof, AC unit, and exterior paint was just done within the past year. It will need flooring throughout, remodel the kitchen and remaining bath, replace some windows, convert the other bath to a bedroom and paint(I'd say $7k-10k). Taxes last year were $975 on the property. We would be putting down 20% on this property. Just looking for some outside opinions on the numbers, if i left anything out please let me know!

Thank you