3rd rental purchase, critique please.
Purchased my 3rd rental property in Indiana and got it leased up yesterday.
The numbers
Purchase price $42000
Capital put in to rent- $2000
ARV $50k
30 yr fixed at 5.25
Rent $745
Principal Interest 162.35
50 percent rule $372.5
NOI- $210.15 net per month
Area is an ok area. working class.
Opinions?