Analyzing a Rental Property Help Please

[David W.]

Hello Everyone! 

I have analyzed a handful of properties and so far I have experienced that in order to get a 10 cap and a positive cash flow of at least $100 per door I have to cut the property asking price in half. I am using the bigger pockets rental property calculator (just got membership). 

Here is an example of what I am talking about. I first analyzed other comparable rentals in the area of the single family residence house I am analyzing that is for sale and then used 5% vacancy, 10% property management, 10% cap expenditures, plugged in the annual property tax that was on the mls, $5000 repairs for after purchasing, $2500 closing costs, $100 for landscaping, $100 for flood, $100 for homeowners insurance, 

https://www.biggerpockets.com/calculators/shared/1172953/bea9e97e-1980-4577-bfb4-0b0833045ea1