Single-family fixer-upper to a Rental

[David Joseph]

Hey there BP members ! I have been on this site and listening to podcasts and a ton of outside research and finally may have found a property to invest in---but I would extremely appreciate some quick thoughts on it from people with experience! -It's a Single-family home in a stable area that I live in and know and care about -Outside needs a lot of love So asking price 80,000 Estimated repairs 25,000 Closing costs 5,000 ARV 125,000 Monthly-- Rent 1,100 (conservative) Mortgage 380 Taxes. 370 Insurance 80 Vacancy. 80 (8%) Repairs. 60 (6%) CapX 80 (8%) Water and lawn care/snow 70 Loan for 80,000 @ 4.5% @ 20% down Income 1,100 expenses 1,110 (very conservative) Should I still bank on appreciation, rent level raises, other? Thoughts on if this is a decent deal for a first timer to get into the market or if I should wait- thank you in advance!