OLD property, long term renter is in place. IS this a deal and property Value at the end?

[Naveen Desai]

Please advise.

2 factors that I thought would average out and therefore not include i calculation.

a. No down payment.

b. Interest is not accounted.

Purchase price70000

Inspection Costs450

Lender fees and closing costs2000

Total IN72450

Monthly rent ( renter in place)850

Yearly collections10200

Subtract 10% vacancy -1020High vacancy in the area

(Reserve) -1000Old property so maintenance cost

Annual Tax -2800

Annual Total expense. -4820

Conservative annual gross 5380

Payoff property ( without accounting Interest on loan)13.5 years to pay off.

Considering if I pay off early 8 yrs ARM Would this be deal worth it?

and/OR

What would be Value of property by then? Is this deal worth it?