First House Hack - Too good to be true?

[Sam Morgan]

Just wondering what people think about these numbers. Is this too good to be true? Am I missing something?

• Rents: $2,750
• Less Vacancy: $137
• Effective Rent: $2,612
• Taxes: $157.00
  Insurance: $85.00
  PMI: $213.00
  Maintenance: $137.50
  Cap X: $137.50
  Trash: $0.00
  Water & Sewer: $0.00
  Permits: $0.00
  Management $275.00
• NOI: $1,607
• Mortgage: $1,341
• Cash Flow: $265 (10.6%)

Year 2 Cash Flow: $622 (24.8%)