Does This Deal Make any Sense??

[Tiara Murray]

So I'm running the numbers on a property that I found, and I'm trying to see if they make sense to you guys...

Assumed:
30 Year Fixed Rate @ 7%
Loan Amount: $25,000

Monthly Annually
INCOME

Gross Income $ 850 $ 10,200

Vacancy $ 50 $ 600

Net Income $ 800 $ 9,600

EXPENSES
Property Taxes $ 225.16 $ 2,702

Insurance $ 33 $ 400

Maintenance $ 100 $ 1,200

Net Expenses $ 368.16 $ 4,302

NET OPERATING INCOME $ 5,298

Mortgage $ 166.32 $ 1,995.84

CASH FLOW $3,302.16