SFR Analysis Help!

[Trevor Martin]

Hi all,

I would really appreciate it if you would help me decide on whether or not this is a good buy and hold deal. I'm new to real estate investing (only last two months) and this could potentially be my second purchase, so I want to make it a good one:

3 Bedroom, 1 Bath Single Family Home
Purchase Price: $63,500 (comps sold for $80k-$90k last 9 months)
Rent: conservative $900/mo, expect it to be more around $1,050
Mortgage: $456/mo *Paying cash for now, may cash-out refi to purchase more
Insurance: $60/mo
Management: $80/mo
Taxes: $1400/yr

Necessary Rehab:
- Various electrical and other repairs: $500-$1500
- Carpeting Upstairs: $2000

Future Rehab:
- Heating and A/C Units are VERY outdated. May last a few more years, but replacement in ~5 years expected. About $5,000.
- Wood siding outdated and becoming worn. Replace w/ vinyl siding in next 5 years. About $4000.

Based off of my analysis, I see it cashflowing around $260/mo, with an instant $15,000-$20,000 equity gain at the purchase price. However, the bigger repairs in the next five years scare me.

Thoughts?