[Potential First Deal] Help me Analyze this Turnkey SFH Rental

[Brian Boodoosingh]

Hi All,

I think I've found a deal on a SFH in North Carolina. Would love a second set of eyes on the math to see if anyone can poke holes in it for any considerations I'm missing for a buy & hold strategy.

• Purchase Price: $70,000
• Mortgage Terms: 20% down ($14,000) @ 4.5% interest
• Closing Costs: $3,000

• Income
• Average Rent for comps: $850/ month ($10,200 annual)
• Assumptions
• Vacancy: 6.5%
• Management Fees: 10%
• Expenses
• Mortgage: $283/month
  
• Vacancy: $55/month
• Management: $79/month
• Property Tax: $83/month
• Other Misc Expense (including insurance): $250/month

I have this deal cash flowing ~ $100/month. Given that I'm planning to hold this property for a few years with cash flow being my primary goal, can anyone take a look and let me know their thoughts?