First Deal analysis help! Used the BP Rent Calculator

[Matthew Anderson]

Here are the numbers I have running through the calculations.  I would appreciate any analysis help or any tips on how I might have erred.  I tried to be conservative.

Purchase Price: $45,000.00

Purchase Closing Costs: $3,000.00

Estimated Repair Costs: $5,000.00

Total Cost of Project: $53,000.00

After Repair Value $50,000.00

Down Payment: $9,000.00 

Loan Amount: $36,000.00 

Amortized Over: 30 years

 Loan Interest Rate: 5.00%

 Monthly P&I:$193.26

Rent $700.00 

Total Income $700.00

 Vacancy $70.00

CapEx $70.00

Property Taxes $51.08

 Repairs  $70.00

P&I 193.26

Total expenses $454.34

Monthly Income: $700.00 Monthly Expenses: $454.34 Monthly Cash Flow: $245.66	Pro Forma Cap Rate: 9.94% Purchase Cap Rate 11.70%
NOI $5,267.00 Total Cash Needed $17,000.00 Cash on Cash ROI 17.34%