in need of your help gurus!

[Akar Pokhrel]

I am a first time investor. I need your help in regards with this deal, any help from you guys would be much appreciated please and thank you!!

3bed/2bath/2car with 1500 sq.ft.

asking price- 95k (will offer 80k and work my way up to see where we meet the mutual point)

Repair Cost Estimate - 12-15k

ARV- 150k

market rents at $1200/month (estimated through some research via google!)

appraised value 106k

monthly cash flow $200

ROI - 9%

*2016 house was appraised at 74k and 2017 at 106k

Elementary school is literally walking distance from the property, and high school is couple of miles away, nearest hospital is 3 miles away.

what else? what am I missing? what information do I need to know for sure to make this deal is mine?

[Matthew Rogers]

We need some additional information to determine if this is a good deal or not.  

First, we need to know what your short term/long term plan is with the property. Are you looking to keep this long term or just flip it next month?

What type of repairs will you be doing to increase value? Is the $1,200 market value the way it sits now or after repairs? Is the ROI based on the full purchase price of 95K and closing cost or based on 80K.

What type of loan are you doing and how much is your down payment?

I'm also personally interested in knowing why it was appraised in 2016 and again in 2017? Is the 2017 appraisal yours? Have you already made an offer and has it been accepted (Your post indicates you will be making an offer, but why would the property already have an appraisal on it?) That tells me there may have been another buyer that dropped the deal for some reason..