analyzing my first few properties (help)

[Brian Heaver]

ok... I am analyzing my first property and I wld like some one to help and tell me if I did this correct.

total cost of project

110k (offer) + 2000 (closing)+ 10000 repair =. 122,000. ARV around 130k

quick break down

1) asking 125k

2) I want to offer 110k

3)down payment of 22k (20%)

4) loan amnt 88,000

5) mortgage  $817 ( including taxes and insurance)

6) cost basis

.    vacancy $47

.   mortgage $817

.   cap ex $200

.   maint $40

.    prop mngmnt  90

total  expenses $1194

rental income 900 (Tenant occupied until mar2023) - 1194=  -294 in the red

thanks for helping a newbie and ill take any advice on what to do different or if I missed something or... whatever else.