Advice for analysis on military house hacking deal

[Richard Cook]

Hey All, 

So I'll be stationed at Sheppard AFB in Wichita Falls, TX this March. Went out to look at houses and this one looked like our strongest shot. Because I am out of state and the market of newer homes (that would meetmy wife's criteria lol) at SAFB is limited, we were really constrained on what houses we could look at. I ran the numbers on this one, and was wondering what you all thought. I put in a picture of my excel spreadsheet that I used on BP (Link) 

A couple of things:

This house is essentially move in ready - if I were able to flip, I would love to preserve some equity. However, due to our time frame it's just not feasible. I do have a motivated seller and the asking price is down to the tax assessed value of $145. The remainder of costs are my part of closing and "make it mine" costs. 

We will be living in TX at least for a year so we will be getting the equity from that. After leaving, we would be renting it out. Current market rents are at least $1400, possibly higher if we put in a little sweat equity while we were there.

I know it's not cash flowing great, but it is really close to the base which has a good pool of tenants. As such, I expect my repairs cost and vacancy to be lower (will be going with home warranty $500/yr), other portion of repairs will deal with tenants induced repairs and carpet replacements etc... Some of that cost is also absorbed into my CapEx

I'm pretty sure these are all worst case numbers so at the current stage of negotiations, if I accepted, I am going to at least break even, barring no catastrophes. 

Any other military landlords want to chime in on if I'm missing anything or opinions? Thanks in advance! 

@Elizabeth Colegrove @Darrin Carey @Christina Carey