My first deal - thoughts on the analysis?

[David Boley]

I'm a classic "analysis paralysis" real estate investor, but am finally in a position to pull the trigger on my first deal. It is a turnkey property, which I know causes some heartburn with many of you, but it is the right fit for me given the demands of my job and my current living situation. Here are the details.:

Purchase price: $109,950 (non-negotiable)

Type: Single Family; 3 bed, 2 bath

Rent: $1,095/month

Cash flow: $270 (25% down) or $205 (20% down)

Cash on cash: 11.2% (25% down) or 10.5% (20% down)

Assumptions: 7% vacancy, 5% capex, 5% repairs, 8% property management

Any thoughts or suggestions?