SFH - Is this a good deal?

[Joshua Shull]

Getting ready to put my first offer in for a 3 bed 1 bath C SFH in a B/B+ neighborhood. My spouse and investment partner are getting cold feet (probably just nerves with the first deal). I've run my own numbers and after rehab the Cap rate is around 5% and cash on cash return around 15%, with net cash flow of $300 per month.

I’m looking for confirmation that I’m not crazy and this is a rational deal (sure it’s not amazing, but decent).

So, am I crazy? Is this a good deal? Should I look at other numbers? What do you think?

[Dennis M.]

Eh...Looks like a marginal deal . 230k to get 1800 in rent is not anything to be getting excited about