Basic SFR Deal Thoughts

[Michael Branch]

Hi, wanted some other eyes on a potential deal. I go to check it out tomorrow and; if all looks good, would likely put an offer on it. 

In my KY market. 

• $45,000. Comps anywhere from $38-60. 
  All major mechanicals replaced. Roof fixed. 
  C class. Not much on the appreciation front for the area. 
  After PMTI, property management, and saving for vacancy, Capex, maintenance (additional 34% of rents set aside for all those) should net around $150/mo.
  Commercial loan able to get 3% w/20% down 5/1 arm amortized over 20 years. 
  Mostly ready to rent. Will probably put $5k in to replace some flooring, maybe some paint, etc. 
• Will have a financing and inspection clause to cover me. 
  
  
• Thoughts? Am i missing anything? How’s it look? Goal is just long term cash flow and wealth.