Bought another investment property in DFW area

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Bought at $157k 
Repairs: total $40k (It will have new HAVC, new water heater, with foundation repair, new French drain, gutter with leaf shield, paint the whole house, remove popcorn ceiling, new doors) 
ARV: $235K-240k, 3-2,1610 sqft

Rent at $1650-1700 

Repairs-  foundation ($10k for lifetime warranty or $5500 for 10 yrs warranty interior and exterior piers); painting and removing popcorn $5500, French Drain and gutter; flooring