Need advice on a deal analysis for SFR in Dallas, TX!

[Calvin Clark]

Hello BP Community,

My fiance and I are looking to buy our first investment property in Dallas, TX (specifically Carrollton). We found a nice SFR that is practically the same house as every other one on the block (should be easy to rent) and has already been renovated. We ran some numbers and want to get some feedback on whether or not this looks like a good deal:

Details

• 3B/2Ba, 1,324 sq. ft. 
• PP: $172,000
• Potential Rent: $1500 - $1700
• Property Tax: $2955/yr
• No HOA

Assumptions

• 5% Vacancy Rate
• 1% Cap-Ex
• 1% Repairs
• $75/mo insurance (not in a flood zone)
• $75/mo prop. mgmt. 

We are basing the property management on discussions with 2 local companies. If you think we think we are off on any of our assumptions, we would love the feedback!