Looking for feedback on a deal analysis

[Brendan Connolly]

I’m new to deal analysis and would really appreciate it if some experienced users could take a look at this property to help determine if it’s a good deal. Based on my calculations, it seems promising, but I’m still building confidence in my analysis since this is a new process for me. I’m currently using a deal analysis spreadsheet from the BiggerPockets downloads section to run the numbers.

House: https://www.zillow.com/homedetails/2115-W-105th-St-Cleveland...
Rental Type: Long Term
Location: Cleveland
Location Grade: C

Below are the totals that I was calculating from the analysis: 

If some users that are more experienced in deal analysis would please take a look and let me know if my approach to this looks good that would be greatly appreciated!

[Drew Sygit]

@Brendan Connolly do you know the credit profile of a tenant for a Class C rental?

Once you do, how will you account for their potential payment default in your model?

What about the higher chance of damages and repair costs associated with Class C rentals & tenants?

Here's a FICO table you might find interesting:

FICO Score	Pct of Population	Default Probability
800 or more	13.00%	1.00%
750-799	27.00%	1.00%
700-749	18.00%	4.40%
650-699	15.00%	8.90%
600-649	12.00%	15.80%
550-599	8.00%	22.50%
500-549	5.00%	28.40%
Less than 499	2.00%	41.00%