Analysis help please...

[Jimmy Chin]

Hello everyone, I'm currently looking at a SFH property that I am considering and I've run the numbers multiple times. I don't quite know what to make of it - the ROI is a little below what I want (my target is 10% minimum) but there is some decent initial equity. As a result, I'm on the fence with this one.

Asking Price - $82,000

Repairs: $25,000

ARV: $135,000

Loan amount: $94,500 (70% * $135,000)

Total Cash needed: $15,000

Expected Rent - $1300 a month

Taxes - $271 a month

Insurance - $67 a month

Vacancy (5%) - $65 a month

Repairs (5%) - $65 a month

CapEx (5%) - $65 a month

PM (10%) - $130

Initial equity: $40,500

TOTAL EXPENSES: $692

NOI = $7,292

CASHFLOW = $115 A MONTH

ROI = 9.18%

Deal or no deal? Also, at what point would you budge on the ROI based on the equity? Thanks!