St Louis 24k price drop w excellent cashflow

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Big Price Drop (yesterday) – 4 bedroom / 2.5  bath home
According to remarks, there was a building inspection report and recommended repairs were completed
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Financial Analysis / Deal Attractiveness
Years:510
 Cap Rate7.1%8.1%
 Net Cash Flow$28,127$64,685
 Equity Increase$78,198$172,680
 Total Gain$106,325$237,366
   
 Average Cash Flow/Year$5,625$6,469
 Average Cash Flow/Month$469$539
 Average Gain/Year$21,265$23,737
 Average ROI133.3%297.6%
 Annual ROI26.7%29.8%
 Projected Property Value$322,413$392,265
Property Specifications
 Bedrooms4
 Bathrooms3
 Square Feet1888
 Year Built1978
 Garage Size2
 Schools Rating (on scale of 0-10)B-
Suggested offer (options)$265,000
 Market Value (after improvements)$265,000
 Improvements (lower)$6,500
 Improvements (upper)$8,500
 Closing Costs$3,000
 Mortgage Costs$3,000
Financing Assumptions 
 Down Payment (%)25%
 Down Payment Amount$66,250
 Financed Amount$198,750
 Interest Rate3.40%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$881
 Cash Outlay (Total Out of Pocket)$79,750
Financial AssumptionsMonthlyYearly
Rent (upper)$2,100$2,175$26,100
Rent (lower)$2,025$24,300
 Property Tax Rate (Approx.)1.42% 
 Property Taxes$314$3,763
 Insurance$95$1,140
 Repairs$85$1,020
Variable-Cost PM7.5% 
Property Management Fee$158$1,890
 Leasing Fee75%$65.6$788
 HOA$8$100
 Vacancy Rate4.0% 
 Total Fixed Expenses$803$9,633
 Total Expenses (Fixed + Mortgage)$1,684$20,210
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code 5734