my number can't be right... do you know where I'm overestimating?

[Adam Philpot]

All, 

Can someone please help me on my analysis? I feel like I put together conservative numbers (worried they're too conservative). I'm not sure how I'll ever find a deal if this is the financial model I use. Can someone please review and tell me if these are appropriate numbers to use, especially if you don't have the expense breakout of the property yet?

December is missing from the image.

Breakdown of expenses:

monthly expenses - 8%

utilities - tenants pay but $25 for grass mowing

Cap ex - 10%

PM - 10%