Running the numbers for a property

[Denis Davidyuk]

I am trying to run some numbers on different properties and I don't know if I am running these numbers correctly. For example this particular house costs 59900 and rents for 1000 in Cleveland, which is 1.6% of the purchase price, yet it barely cash flows. Am I calculating something wrong?

tax 2367.5

ins 1200

lawn 504

property management 10% 1000

repairs and maint            10% 1000

capex                      5% 500

vacancies              5% 500

sewer water garbage       1300

principal and interest   2892

TOTAL = 11163.5

If the property management group takes 1st month rent then for the year the house will make 11k which makes this even cash flow negative. Is something wrong with my calculations?