Possible First Deal!!! Need Advice!!!

[Sundiata Jackson]

Hello, I have been around the Bigger Pockets Forums for a while now but have never taken that critical first step. I have made it my New Years Resolution to analyze 4-5 deal a day. I know that this was going to help me understand the numbers and get practice analyzing deals for when "Deal" comes up. Well I have come across a deal and wanted to get some advice and insight from the Bigger Pockets community. So here is the deal:

2 Bed 3 Bath 1,056sqft Townhouse

Asking Price: $49,900

Offer Price: $40,000(Has been on the market for 60 days)

Down Payment 20%: $8000

The property is currently move in ready and needs minimal repairs.

Repairs: $1000

Rent: $825

Mortgage: $172

Taxes: $35

Insurance: $67

Repairs(10%): $82

Property Management(10%): $82

Vacancy(10%): $82

CapEx: $100

Sewer & Garbage: $100

HOA: $0

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Cash Flow: $105

CoCROI: 14%

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There was a similar townhouse that sold in December for $59,000.

Exit Strategies:

Cash Out Refi

Sell to Investor as a turnkey 

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I was looking to get opinions on if this is a solid deal and if i missed any information. Thank you all for your help with my education. 

[Danny Olivo]

It all depends on your goals. If you have $40,000 and want a higher ROI then take your $40k and leverage up to a $150,000 - $200,000 or so property. If your goal is cash flow then this deal here isn't bad. You have your capex at $100p/m, that's a little high for a $850 p/m property. I usually set it at 5-8% max. Also, is there room to bump up the rent a bit, say $875? Those little changes would bring your cash flow up to $325 p/m or so.