[Calc Review] Help me analyze this Philly deal

[Joseph Platyan]

Looking at properties in the Wynnefied section. This one would be a "turn key" type deal. Recently renovated. Been on the market for a bit listed at 149K and believe I could get a minimum of $1300 in rent. 

What are your thoughts on this section of Philly? Is $300 enough cash flow to make buying a turn key deal worth it or should I look for something I can "BRRRR"?

Still a newbie when it comes to this investing stuff.. 

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*This link comes directly from our calculators, based on information input by the member who posted.

[Diane Manders]

Hi Joe. I’ve been looking in that area as well for long term rentals and the area a bit south of that as I believe the area will continue to appreciate.   For me that cash flow amount would be enough but I’d hate to leave the entire down payment and closing costs in the deal. If you really like the idea of it being turn key, I think you should offer much less than asking since it’s been in the market awhile now. Good luck!