Analyze SFH rental deal in Houston - Good enough for starter?

[Eric T.]

Hello BP nation!

I am working on a deal for my first rental property right now. Please help take a look if the numbers make sense. This is a SFH deal.

Offer Price: $110,000

LTV 75% with 4.75% interest.

Amount I put down: $27,500

Loan Amount: $82,500

Rent comps from Agent/Zillow/Hotpads: $1,250 

The following are expenses :

Insurance: $1,500

Vacancy: 10% - $1,500

Maintenance/Repair: 10% of annual income - $1,500

PM: 8% (will be doing this myself but included just incase) - $1,080

HOA: 350

TAX: $2,600

Improvement: $5,000 (minor but needed to bring up standard for rent income)

Closing Costs: Estimate at 4.5% ($4950)

Cashflow: $1,246 

NOI: $7,710

CCR: 3.33%

Not sure if this is too conservative but do cashflow $104/month. 

Thank you for your time.