[Calc Review] Help me analyze this deal

[Ted Klein]

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Hello Fellow BP'rs, I have found this property that I think I can get for around 60k and the area comps in like size and year built are around 108k. It appears that the area rents are able to support $1000 per mo. This would be an initial cash purchase so no hard money costs.

 I haven't did the BRRRR process  yet, so I would like to have someone look it over to see if I have the inputs correct.

The problem I see, it that the monthly cashflow is only $143.00. It shows a 265% year one COC return and a 7080% annualized total return at year one. Hearing those numbers, it seems like a killer deal, but with the low cashflow it causes some concern. Would this be a good short term deal just to do the BRRRR and then sell it or should I be looking at this as a flip? My thoughts are there isn't enough margin at 60k purchase.

Any Advise Please?? Thanks