Analyzing this Deal

[Adam Furlough]

SFH that is a potential deal.....

Purchase Price - $75,000
Gross Rents - $995
Debt: (30 yr 7% $75,000) - $498
Operating Expenses-$498

$995-$498-$498= Break Even

Putting 20% down....

Purchase Price - $75,000
Gross Rent - $995
Debt @ 20% down- (30 yr 7% $55,000)- $366
Operating Expenses-$498

Cash Flow = $131

Does this look correct?

Is this considered a bad deal since the property didn't cash flow when the down payment wasn't included?