First deal - thoughts?

[Kyle M.]

So I am currently seeking my first deal. I'm interested in a 2br/1ba listing and wanted to hear some feedback on it. I know 2/1 investments are looked down upon somewhat, but they are on the cheaper side so I can stay more liquid. They also give me the opportunity to get a property that is in good condition that doesn't need a lot of repairs before renting it out. After doing some research it seems that 2/1 rentals attract singles or older couples which are less likely to damage the property. That's my justification at least.... Details: 2br/1ba 900 square foot rancher. Has a small eat in kitchen and a unfinished basement with washer and dryer hookups. Property is in very good condition (from pictures). Central air and oil heating. How will oil heating affect the rental? Also, does the washer/dryer in basement impact the rental? I'm guessing some might not want to lug laundry up and down the stairs. Financials: - 85k list price - Median rent $1000 - taxes $3700/yr Assuming 20% down and 5% interest rate the monthly payments would be $365. So according to 50% rule, it would be a +$135/month cash flow property.