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You need to make a number of updates to your analysis, @Charles J English .

• Refinance time will be at least 6 months.
• You're not budgeting for repairs. I'd think 15% combined with CapEx.
• With a SFR, the tenant usually pays for all utilities, so you can remove electricity and water/sewer.
• Add in management (10%), even if you plan to self-manage in the beginning.
• Confirm your property taxes. Looks like you're just using a flat $2k/year.
• I think you can find better loan terms than 6% with nearly 3 points.

Rerun your numbers, but I don't see this cash flowing.

@Jaysen Medhurst I truly appreciate your input.

The taxes are off of the county’s website under the current owner.

I will reanalyze these numbers, but I don’t see this cash flowing either.

Thanks again!

I don't see any money set aside for regular maint. You only have CAPEX. I generally allow 30% for vacancy, maint, and capex.

I don't think this property would actually cash flow anything.

Is it in a good area or a junk area?  

For $1150 in monthly rent I would pay up to roughly $70k if it is in rent ready condition.