Need Some Input on this deal

[Patrick Rowe]

I have a 3br 2ba 1582 LA I purchased for $59,900. I'm estimating the renovation to cost around $25,000 -$28,000. I received a appraisal on the ARV of $136,000. I have a banker that lends me 80% of aappraised value and it covers me purchasing the property and renovating it. The only out of pocket expense we have is the deposit and home inspection fee. I'm considering if I should rent it or flip. Below is a summary of the expenses and income. I normally only flip but I'm trying to start building a rental portfolio.

CASHFLOW ANALYZER
Rent per unit	$1,100.00	Sales price	$85,000.00
# of units	1	less
Annualized rental income	$13,200.00	Down/Deposit	$824.50	1%
less		percentage	Repairs	$-
Vacancy	$1,056.00	8%	Total Investment	$824.50
RE Taxes	$694.00	Loan	$84,175.50
Insurance	$1,174.00	Terms
Management	$1,056.00	8%	5.60%	Interest
Maintenance	$660.00	5%	30	Amortization
Utilities/HOA	$-	DEBT SERVICE
Reserves	$660.00	5%	Payment	$483.23	per month
Operating Expenses	$5,300.00	44%	$5,798.81	per year
Net Operating Income	$7,900.00
less Annual Debt Service	$5,798.81	DSCR	1.362
Cashflow	$2,101.19	Cap rate	9.3%	Monthly cashflow	$175.10
CCR (%)	254.84%