First Rental Property

[Greg Routen]

I'm a newbie and looking to purchase my first rental property. I'm taking a look at the property tomorrow, so I'm just try to do my due diligence. If anyone would be willing the share their thoughts, I would greatly appreciate it. 

I'm purchasing the property from a wholesaler, who says I can get $800-$900 a month in rent. I did some research on my end and I think it's a bit optimistic, I'm thinking more like $700-$750. Here's a breakdown on the property:

Purchase Price: $35k

Rehab: $5k

Property Tax: $92 monthly

Insurance: $40 monthly

Cap Ex/Maintenance: $125

I'm planning on buying this property with cash and will try to refinance it down the road to pull the cash out to invest into another property.

Just wanted to get some opinions from others to see if it's worth considering this property.