New to REI, trying to learn by researching.

[Tayeb Sahebzada]

Hi everyone , Im very new to REI. I am currently a college student and was looking around on loopnet applying what I learned from the beginner guide. I came across this property and was wondering if anyone could look at it and tell me what they think. Im not looking to buy, just hoping to strengthen my analysis skills.

So I saw that this is listed at 1.6 mil

http://www.loopnet.com/Listing/301-309-South-Ave-S...

its cap rate is around 8% which ive read that its a good range.

if someone were to put down a 10% downpayment on this, take out a 900,000 loan with a 8% APR ( used a crazy number or maybe its not so crazy?? ) over 30 years it comes out to 6604 a month.

The net operating income of this property is $134,000 meaning it would be about $11,000 a month. 

This seems close to the 50% rule because about half of it would go towards the mortgage while you pocket the remainder. The expenses were already listed at 43,000 but that was already taken into account. 

As someone who is trying to learn, does this look like it could be a good investment?

Thanks!