Second opinion on possible rental property
I am considering purchasing a 94,000 rental property that will need approximately 15,000 in repairs to be ready for a tenant. I plan to finance this property - 20% down , 30 year at 5.25 % . https://www.zillow.com/homes/for_sale/604-Otter-Br...
My real estate agent said that the arv is 140,000. and the rent would be 1500/month. My concern is that several years down the road when I plan to sell it, I will need an additional 10,000 to 15,000 in repairs to upgrade it for sale. Any input on whether or not this deal makes sense would be appreciated.