First Purchase Analysis

[Robert Carney]

Hello everyone,

I'm looking at purchasing my first rental property and while I've done quite a bit of research on analysis, etc - I thought it would be great to get some outsider opinion on this particular property. 

I know these are estimated (for the benefit of the seller) numbers but overall I think it looks fairly solid, WC Equity seems to have some solid reviews both on BP and outside. 

Any insight that you can provide would be greatly appreciated.

Thank you!

http://www.wcequitygroup.com/properties/4577620045

Cost Analysis Performed as Rental Property
In:
Rent - $11,100.00

Out:
(Annual) Estimated Taxes - $500.00
(Annual) Estimated Insurance - $850.00
(Annual) Property Management (Optional) - $888.00
(Annual) Estimated Utilities/Lawn/Misc - $555.00
Total Costs - $2,793.00

Net: $8,307.00

Earn:
Total yearly net equates to - $8,307.00
Total monthly gross equates to - $925.00