Looking for help analyzing this deal

[Alex Cotter]

Hello BP,

First deal Single Family through a turnkey rental company. The property is in a A- neighborhood. Let me know your thoughts. I struggle with putting this into perspective with other deals. 

Price: 85,000 (comps 90-95k)

Improvements: $0

Rent: 14,100 (verified)

Annual Taxes: 4,000 

Insurance: 500

Management: (Fixed) 950

Maintenance: $800

Vacancy: ~1175 (logic: 2 year leases w/ 1 month gap in between + 1 mo rent fee to Prop Mgmt)

CapEx: $0 first 2 years

Utilities Water: $1200 paid by owner

Utilities other: $0 paid by tenant

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Revenues: 14,100

Expenses: 8,623

Return: 14100-8623 = 5477, 5477/85000 = 6.5%