Deal or No Deal? it cash flows, Right?????!!!!!!!!!!!

[Jamal L.]

Owner is selling because she is up in age and wants to retire. 

Sale Price                   $25,000

Closing cost                $2,000

Total Acquisition        $27,000

It is currently occupied with tenant. Tenant exceeds rent requirements; and has no intentions on moving any time soon. Tenant makes over $100,000 a year (documentation to support) and likes the area because family is near. Tenant currently pays $950 a month ON TIME! Also pays own water as well as electric bill. I spoke to the tenant personally and she says she has no complaints. This property is in good condition and located in a C class neighborhood. 

• Gross income                  $11,400
•  Vacancy allowance         -$2,280

• Gross operating income   $9,120

• Taxes                                -$800
• Insurance                         -$1,200
• Maintenance                     -$700
• PropertyManagement      -$1,140

• Net operating income       $5,280 

• Net without PM                 $6,420

Did I miss anything? Do the numbers make sense to you? Would you buy this opportunity if you could? Feedback is monumental.