Could you help me analyze this deal.

[Dapo Odujebe]

Sellers appraisal: $121,000
County records appraisal: $93,000
Comps in the area: ~$100,000

Seller asking: $68,000
(Per seller): $0 for repairs
Current occupants monthly rent: $850

Mortgage for 30 yrs @ 7.5% - $673.00/month
on a loan of $70,000
---------------------
Principal and Interest = $489
Taxes and insurance = $183
Mortgage insurance = $0
Total Payment = $673

- Does this seem like a good deal? I know I haven't factored in things like vacancy, maintainance etc. Might not meet the 2% rule I read about in other posts.

- How much should I factor in a month for these expenses? And should I offer a lower price to maybe make the numbers work?

- Where can I find a good summary of what costs to factor in? And/or a good way to see if a deal works quickly?

Thanks in advance.
:cool: