Help me analyze this deal

[Fred Hess]

I am looking into my first real estate investment property. It is an off-market turnkey rental property that already has a tenant placed. The tenant has been here for 18 months and is interested in signing a 1 year contract with new owner. The property is 1 half of a duplex built in 1920 (C property in a C neighborhood). 3 beds 1 bath with a finished attic being used as a 4th bedroom. For the area, the house is in pretty good condition. My main concerns is the unknown age of the roof (10+ years), original windows (roughly 12 total), and the 5 young children that will be living in the house. 

The seller is asking $100,000 for the property, and I listed $90,000 as the purchase price in my estimates. Please take a look at my numbers and let me know your thoughts on the deal. Thanks!

[Jonathan Bombaci]

What city/state are you buying in? The Numbers look pretty good buy you might want to hold more $ in reserve each month to start saving for the roof. 

Does tenant pay all utilities including sewer and water? 

8% cap is good, what have you been seeing in the area? 

The $200 per month cashflow looks good. Is there any room for a rent increase?  

Looks pretty solid to me but Make sure to do a the inspection to ensure there is nothing else lurking. Even something small but unexpected could bring the numbers down and cause the deal to not be so great. I invest based on cashflow and while the CAP rate doesnt excite me, assuming your numbers are all right, I'd jump in for $200 a month on 1 door. Good luck!