SFR - Does this make sense?

[Keerthi A.]

I have never looked for SF Rentals till now. The cap rates on single family in my area is low. Just put a bid on a Single Family REO.

Does the numbers look right. Did I leave out anything.

It is not a bad neighbourhood, avg middle class neighbourhood near a train station. ARV is 110-120K after small fix ups. Just put a bid on it. Is it good to keep it as rental.

SF have low cap rates hard to manage, but no HOA, no rental caps, easy to finance and easy to sell down the road.

Please give your inputs on this.