[Calc Review] Help me analyze this deal

[Adam L.]

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello, I am reviewing this potential rental property and I can’t figure if I am being too conservative with my expense assumptions. It doesn’t seem like there is any room for cashflow and maybe it is just a bad deal. 

Also, there is an existing tenant that has been there for a long time but the existing owner hasn’t raised their rent. Currently they are paying $700/month but houses on the same street are paying $900-950/month, so I was thinking about raising rents once their current lease expires. If they decide to move out then I can replace them hopefully in not too long of a period. Is this a risky strategy? 

I haven’t seen the property yet so I don’t have a full gauge on repair expenses needed.