SFH Buy and Hold first deal Analysis

[Tony Xu]

Hi guys, 

I am thinking of making my first offer on a property in the KC area.

Here are the numbers:

Sale Price: 85000

Down Payment: 17000

Closing: 2000

Rent: 950

Insurance: 595

Taxes: 857

Vacancy: 29 (3%)

Property Management: 95 (10%)

New Tenant Placement: 40 (assuming 2 year tenancy)

Repairs: 48 (5%)

Cap Ex: 71 (7.5%)

Projected NOI: $547

Mortgage: 365

Cash Flow: 182.13

Cash on Cash %: 11.5%

What do you guys think? Let me know if any numbers here look crazy