First Buy and Hold Property Advice

[Ryan Mainwaring]

Hello,

I have found a house in Columbus Ohio and am currently pulling together some funding for the deal. I am looking to use the BRRR strategy for this property. Below are the numbers, any advice is welcomed:

House Specs - 3 bedroom, 1.5 baths, 1400sqft and no gargage

Purchase price(including closing costs) - $43,500

Rehab cost - $31,000

Holding cost - $2200

Total cost - $76700

Comps around $110,000

Monthly rent - $800

Cap rate 8.3%