Please review my deal analysis

[Steve Maye]

I previously posted a different deal. This is a lower priced one. Below is a snapshot.

[b]Ratio Information
Loan to Value 80%
Cashflow / Initial Investment 8%
Cashflow / Assets 2%
CAP Rate 6%

TOTAL OPERATING EXPENSES ...... $6,570
NET OPERATING INCOME ..... $12,246
Less: Annual Debt Service ...... $(9,029)
CASH FLOW BEFORE TAXES ...... $3,217
Add Back: Principal Payments ...... $2,829
- Depreciation ...... $(7,273)
TAXABLE NET INCOME (LOSS) ...... $(1,227)

Can someone explain what is good and bad about this deal and why?