First deal for primary resident.

[Daniel Dang]

Hello guys, 

First I apologize if this post is in the wrong section of the forum as this is my first time posting here. 

I found an off-market deal in the Plano, Texas area. This property is a fixer-upper according to my realtor. I will list the details below for you to review.

Asking Price: 275k

Property Details: 3be/2ba, 1350 sqft, 8600 sqft lot

Rehab cost: 20k (cosmetic fixer-upper like fence, paint, lawn care)

ARV: 310k-330k

Purpose: I planned to buy this as a primary and rent out 2 of the room for roommates. The rent per room in the area is about 800/room. But if I don't live it in, the rent is $1900-$2300/month for the whole property. 

Loan details with pre-qualify from lenders: down 3% ($8250) with 3.2% interest rate. I planned to use my saving into rehab then cash-out refinance to get rid of the PMI cost in about a year into the property.

Additional Details:

This is my first property so I planned to use one of the rooms to live in and rent out the other rooms. The Plano area is developing rapidly and centers to many tech companies within a 10-20 minutes commute. Houses in this area generally sold for 15% over asking and have a great outlook for appreciation. 

I like to ask for your advice and opinions on whether or not this deal is a good deal to get into for beginners. Thank you in advance!