Cash for analysis for rental property

[Hector Perez]

Hello BP

Got this property under contract in Houston. The property is located in a nice area in the Northwest. I originally thought that it was a nice investment property for a Buy and Hold Investor but when I sent it to my list of buyer and then post it on BP, and craiglist as my last alternative, I didnt get any replies.

Could you provide some feedback? This will make me a better wholesaler and bring great deals instead of crappy ones.

ARV=$115K

Sale Price= $101K

less My wholesale fee = $3,000

Equal = Contract price = $98,000

Mortgage amount from seller = $95,000

Estimated Monthly rental rate = $1,300

Estimated Expenses (taxes, insurance, maintenance, advertising, management fee, and HOA) = $490

6 year old roof, house built in 1995, 1489 sqft

I appreciate your feedback.

Sorry for the Title of the post. it was supposed to be " Cash Flow analysis for a rental property"