good deal?

[Daniel R.]

Hi everyone, thanks in advance for your time.

im considering a 3/2/2 in Houston, TX for 60K; would like your thoughts and comments on the deal.

the house was built in 2007, it is 1500sf, in a decent developing neighborhood. the comps are 75K- both had bigger lots, like 3x bigger. the rental comps are $900-1100 per month.

I will be using Homepath to finance 10% down and ~5.25% interest. the estimate i received from the lender showed ~5K closing costs and estimated monthly escrow (taxes, mortgage, and insurance) around $650.