#10 rental/buy and hold. Indianapolis. Opinions wanted

[Gabe G.]

I purchased and fixed up #10 rental

3 bedroom 1.5 bath 1100 sq ft

Greenwood schools.

Purchase price $58250

rehab 7k

I paid more than I would like on this one. But greenwood is a good area and close to my primary. I put in a new HVAC,new paint, new laminate flooring, new water heater, fixed some water leaks, and other miscellaneous items

Mortgage

30 yr fixed at 4.5 

25 percent down 

Income

$915 a month(expected)

NOI using 50 percent rule= $457.50

Principal and interest=$221.36

Cash flow=$236.14

Any opinions?

This is my last one for a little bit. Taking a break, to pay down some debt and this maxes out my 10 conventional allowed.