Based on reading all the posts in last two month, you'd better spend that $120K somewhere else.
1) 1,100/120K < 1%
2) CAP RATE： 1488/120000 = 1.24%
3) ~120/month assuming nothing goes wrong, almost gaurantee a neg flow
4) 10years 10% best case --> 1year 1% ...
Unless you can't find anything else, or just want to test the water.
If you ever compares to something like this one:
$50K, no HOA, no Mortgage, rent 800/month ... 8K/50K per year
or
$12K, HOA 200/month, no Mortgage, rent 650/month ... 5K/12K per year
