3/2 SFR: $45,000

[Mark S.]

Purchase Price: $45,000
3BR/2BA, 1000 sq ft, 25 years old.

Down Payment @ 20%: $9,000
Closing Costs: $3,500?
Principal & Interest (@5% fixed, 30 yrs): $161/mo
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Taxes: $37/mo
Insurance (estimate): $50/mo
Vacancy (at 8%): $48/mo
Cap-Ex (at 10%): $60/mo
Repairs (at 10%): $60/mo
Prop Mgmt (at 10%): $60/mo
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Total Expenses: $315/mo
Tenants would pay all utilities.
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Gross Rent: $600/month
Less Expenses: -$315/month
Less Debt Service: -$161/month
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Cashflow: $124/month

WHAT DO YOU GUYS THINK, DEAL OR NO DEAL?