[Calc Review] Help me analyze this deal

[Jason Hammond]

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

So I have a potential deal, but I am trying to calculate the numbers, and generate the right report for this. I found a place that is about to go to auction, and the guy owes $13,500 on his loan, of which the original balance was $108,000. The valuation of the property is at $208k currently, with average comps in the area running from 205 to 220. It already has tenants, and my plan was to help the owner out of his tough situation by seeing if he would take the amount of his original loan (divided to pay off the remaining balance of the loan) so he doesn't have a foreclosure on his record, and would give plenty of room between that and current valuation. But, the report is not generating the information I think it should, and seems to make it a lousy deal. What am I doing wrong? (the $10k wholesale is a very flexible number, just a standard starting point I use.)