Need help with property analysis

[Dom Barlow]

Hello all,

I did an analysis for a property I am interested in below. This home is owned by my family so it is off market. I was hoping to see better numbers and it was disappointing when I did not. Based on Zillow, the home is valued at $137k so I was even trying to give myself some room to make a deal. Two other similar properties I found on this street sold less than a year ago for 132k and 120k. I was hoping for some tips with my analysis, calculations and if there is anything you guys would suggest? 

108 s. 36th street Newark, OH 43055

Assumptions:

$120,000, $4,200 down payment (3.5%)

Income Rental Income- $900  Laundry- $0 Storage- $0 Misc- $0 Total Monthly Income= $900	Cash Flow Income-Expenses= 900-1,190= -$290 Total monthly cash flow= $ -290
Expenses Tax- $170 Insurance- $65 Utilities- $0 -electric -water -sewer -garbage -gas Home owner association fees- $0 Lawn/snow care-$0 Vacancy- $90 Repairs- $ Capital expenditure(roof,water heater, replace big items)- $135 Property management- $100 Mortgage- $585 PMI- $45 Total Monthly Expenses= $1,190	Cash on cash return on investment (ROI) Down payment- $4,200 Closing costs- $3000 Repair budget - $1000 Misc/other- $0 Total investment: $17,200 Annual cash flow x 12 Annual cash flow divided by total investment=ROI -3480/17,200= -0.20%