Dilemma deciding if this is a good deal or not!

[Sidney Johnson]

Hello BP community! 

I'm stuck in a dilemma trying to decide if this is a good deal or not, and should I go through with the purchase.

I came across a property that is for sale for 50K, the city has it accessed at $46,500 and after a few counter offers back and forth we're currently at $45,500. The house currently has a tenant in there now and the rent will be $550 a month.  Do you guys think this a good deal?