First Investment Property under contract!

[Jason Stratman]

Hi all - I just got my first buy & hold rental property under contract yesterday.  Since it is my first deal I wanted to run my numbers by the community to make sure I'm did my due diligence properly.  Probably should have posted this before yesterday, but better late than never.

Here is the link to the Rental Property Calculator report on the property

Numbers on First Investment Property

The ARV is a conservative estimate from our Realtor, states it will probably appraise for a little more for the bank appraisal.

I will be self managing the property, so the $75.60/mo for management will be added to the monthly cashflow.  Down the road as my portfolio grows I will consider moving to property management.

The Cash of Cash ROI is a little lower than most probably want to see, but my criteria was 8% or higher that I had set to get myself in the game.

Anything I'm missing, or is this a deal to keep moving forward on to closing?

Thanks to everyone in advance for reading this... this opportunity wouldn't have been possible without the BP community!