Help Analyze my First Deal

[Kolby Wright]

Asking Price: $30k

Past Rent: $450/month

Property is a 3 bed, 1 bath sitting on 1 acre in my hometown of Valliant, Oklahoma. (Small Rural Area) 

Owner says the home stays rented well and that he was able to get $450 per month. Home was last rented about a month ago. He is selling due to relocating for work. 

The property is somewhat older, I am unsure of what year it was built. Interior is outdated; ceiling tiles, old ugly linoleum, wood paneling, bathroom/kitchen plumbing, outdated lighting fixtures.

Owner says it rented well, but I would feel better if I made a few cosmetic repairs to brighten the place up a bit.  Is that a good idea or waste of time/money? 

I am a carpenter and cabinetmaker so I would take on the repairs myself to save on labor. 

For now I only have a few pictures of the exterior. Let me know what you guys think! This will be my first rental property, while I am excited and ready to begin, I also don’t want to jump into a bad property. I appreciate the help and if I left any important info out please let me know!