[Calc Review] Help me analyze this deal
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I'm just starting out in my real estate endeavors. I have a property I'm purchasing and I need to raise rent by about $100 to have it decently cash flowing. The property has a great tenant who pays on time. (I'm struggling to understand if this is a deal or not). Has anyone had experience with raising rent this high? For the area it's in the rent is low compared to what I could be getting (some homes in the $1000 to $1150 range). Any feedback or help would be much appreciated.