Newbee Deal Analysis advice

[Andrew Galeano]

Deal analysis List price: 29,999 House details: 3 bedroom 1 bathroom Avg rent: 850-950 EXPENSES: Monthly taxes: $47 Insurance: $75 P&I : $111.83 Repair : $45 (5%) Vacancy: $45 (5%) Cap ex: $45 (5%) Mgmt: 90$ (10%) Garbage: 40$ Purchase closing costs I put at 3,000 ** And repairs I put at 8,000 (completely guessed as I was going off of the images of the outside and inside of the house) I ran the numbers and seen a 28% cash on cash return With a $398.00 cashflow. I have never done a deal before and I am very nervous to jump into this which I assume is normal. I understand the true value of the repair cost is most likely what is contingent on this deal being a good deal or bad deal. Just wanted to know what everyone on BP thinks and what should be my next action step. Thanks everyone appreciate all your help!!!