[Calc Review] Help me analyze this deal

[James Campbell]

Hey guys, 

I looked at this unit today and I was surprised how clean it was for the price. This is the cheapest unit for sale in the area I'm looking at. New paint and carpets, I would probably just do a few cosmetic changes on my own before renting but how do my numbers look? Would it really cashflow this much? A couple notes about expenses:

1. heat and hot water are included in HOA fees and would just have tenant pay for electric.

2. 5% each for vacancy, repairs and cap ex because it's a small condo and not much to repair and everything outside is part of the HOA.

Any feedback would be helpful. Thanks!!

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