Help Analyzing a Deal

[Fady Riad]

Hi guys, can you help me vet this deal? Newbie here making my first offer.

Property is a 3Br/1.5Ba is a B class area. School system isn’t good but close to some big employers (hospitals) as well as a few areas with a good amount of restaurants/bars.

Asking $89k. Taxes ~$4k per year (hopefully can bring down as buying under assessed value).

Currently has “long term tenants” paying $1150/mo

I’m going to be using management so their fee is 10% collected rent plus 1 month for placing a new tenant. No fees during vacancy.

Tenants will pay all utilities. Landlord insurance should be less than $1k per year.

The house itself has central air/heat but the kitchen is a bit dated. Average rent in the area is around $1200 maybe $1300/mo if I update the kitchen.

The property is being delivered point of sale free with a home warranty so shouldn’t be any money in repairs unless tenants move out right away.

What are your thoughts!? Thanks