help needed with deal analysis

[Paul Pellegrin]

hello! I am completely new to this, so any and all suggestions much appreciated-

I am looking at purchase of 3 br/3 bath home in West Virginia for 139k to use as short term rental/airbnb. AirDNA shows projected rental income of $47,356 gross, with occupancy rate of 67%. for a "fix and hold" on this property, hard money lenders are offering me 12 month interest only loan with no prepayment penalties at 9.9%, and will provide up to 75% of the purchase and 100% of the renovations. The loan amount is capped at 65% of the after repair value. I estimate there a roughly 20k of repairs/rehab needed for kitchen remodel. Once these renovations are completed this same lender is offering to refinance this into a long term rental loan 30 year fixed rate amortized for 4.85%, for up to 75% LTV if the property is leased long term. 70% if it's unleashed or leased short term.

when I entered the numbers on the BRRRR calculator, there was no income positive cashflow/income on the deal, but I think that's because I don't know how to enter the numbers correctly yet.

anyone thoughts or comments welcome.

thanks