Should I aim for more Cash on Cash ROI since it is my property or this would be a buy?

Will there be any other for see monthly expenses that I may not have taking into consideration?

Monthly Income: $2,200.00

Monthly Expenses: $1,815.61

Monthly Cash Flow: $384.39

NOI: $12,238.00

Total Cash Needed: $51,500.00

Cash on Cash ROI: 8.96%
 

Property Information

Purchase Price: $167,500.00

Purchase Closing Costs: $7,000.00

Estimated Repair Costs: $11,000.00

Total Cost of Project: $185,500.00

After Repair Value $200,000.00

Down Payment: $33,500.00

Loan Amount: $134,000.00

Loan Points: $0.00

Loan Fees:

Amortized Over: 25 years

Loan Interest Rate: 3.000%

Monthly P&I: $635.44

Vacancy $66.00 (3%) Repairs $110.00 (5%)
CapEx $176.00 (8%) Electricity $100.00 (5%)
Water & Sewer $100.00 (5%) Insurance $120.00 (5%)
Management $154.00 (7%) P&I $635.44 (29%)
Property Taxes $204.17 (9%) HWT Rental $25.00 (1%)
Heating $125.00 (6%)
Total $1,815.61 (83%)

Debt Coverage Ratio: 1.60

Appreciate your feed backs!