SFR in Hilliard, OH

[Account Closed]

Hello,

I recently did a cash deal off retail MLS, I want to see what you think about it?

Purchase price: $127,000 (move in ready)

Taxes: $258/month

Insurance: $42/month

PM: $100/month

Maintenance: $50/month

Rent: $1250/month

NOI = $800/month

7.55% return/ year

I'm brand new to real estate, I realize that 7.55% return is not very attractive, I'm thinking about using a home equity loan to pull out $100k and invest it in some other market what would you do if you are in my position?