Opinions on NE San Antonio deal

Hello! Curious for others’ opinions on a deal I’m looking at for my first investment property. I live in San Antonio, TX and am pretty familiar with the market.

Deal highlights: $165k purchase price, estimating 6% cash on cash return with 7% vacancy and cushions for repairs, legal, advertising, etc. Cash flow of $2-2.5k per year and a taxable net loss.

I’m torn because the numbers are good and the property is in really great, no rehab condition, BUT a house a couple blocks away and built by the same builder (subject property is 2012 and comp is 2006) has foundation issues and is selling at a discount for it.

I’m thinking this is risk/reward at play! I’ll also note that this is a nicer pocket of NE side, I used to live nearby so I’m familiar with the issues on that side of town.

Thanks for reading!