Needs better recording equipment!
I believe this song has potential, but the lack of proper recording equipment is going to turn off a lot of people beforoe they can really hear your music. The Shure line if mics is nice, I'd go with the vocal M58, it'll be able to record your voice and the guitar (at seperate times of course). Filling up the audio spectrum will really help too, maybe a little more bass to fill the void. Just a faint bass guitar would add quite a bit of depth. Keep working at it, and when you record it again make sure to post it, I'll be waiting :)