[Calc Review] Help me analyze this deal

[James Halk]

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Hi, I'm a newbie looking for some guidance. I've been using the rental calculator to analyze deals I've found on the MLS. I've found a few that are already tenant occupied and I only analyze them if I see that the 1% or greater principle applies. So in this case it rents for 700/mo and the listed asking price was 70k. Once I fill in all of the fields, it barely cashflows. Am I missing something or does this really just highlight that the real cashflow is found when you solve a problem with a property, i.e.- forcing equity or rehabbing altogether?

Thanks,

Jim Halk