[Calc Review] BRRRR deal analysis, too much potential?

[Devon Cornwall]

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*This link comes directly from our calculators, based on information input by the member who posted.

Property is 45' x 105', house is located near the back of the property, corner lot, lots of potential.

I feel like this is actually a pretty good deal. House is currently in really bad condition, vacancy of 6 years. I found it driving for dollars and the neighbor happened to be pulling into his driveway.

It is going to require a decent rehab and probably the inclusion of a 600 sq ft addition to add a bed and bath. The current state is gutted to studs, will require new siding, and new roof, couldn't tell if it needed plumbing or electrical from outside.

It is currently about 625 sq ft, 2 bd 1 bth. It is in a great neighborhood, good schools, churches, parks, and amenities including a nearby (walking distance) mall that has grocery and pharmacy needs.

I feel like overall this should be a good deal but I'm confused by my negative cash flow in year one. Can anyone give me a little more insight? I can get pictures on request.

@Jaysen Medhurst, if you'd be willing to check this one for me to compare my first attempt to this one and send some more constructive criticism my way that would be awesome. 

Thanks in advance,

Devon

Edit 1: Photo Added

Edit 2: Added edit 1