CA investor / out of state rental

[Jeff Johnson]

Hey all, need some guidance....

Looking at a SFH in Indiana, great schools, high demand area, with a reasonable sale price $130,000. I'm stuck in the analysis paralysis stage with this deal...

I am looking at this property not needing much maintenance, however am looking at it renting for $1250 per month. Really wanted to put myself in a stronger equity position since appreciation will be minimal over the next few years (again I'm guessing).

Going in with 10% down and estimating cash flow of approx $238 per month net.

Property taxes are 2% and factoring $160 monthly misc maintenance expense.

Please send me some thoughts.