[Calc Review] Help me analyze this deal

[Tom Albares]

Please help me evaluate this deal:

New construction SFH in Tucson, AZ area. 3 bed, 2 bath, 1512 sq ft. Price is $336,900. Down payment is $130,000 from a 1031 exchange. Class A property in growing suburb. High paying local jobs.

Monthly cash flow: $306 /mo

Income:  $2,250 /mo

Expenses:  $1,943 /mo

CoC ROI: 2.69%

5-year annualized return 4.91%   Mortgage payment $1,394.53

Rental income: $2,250/mo 

Expenses: $1,943

Loan details

Total cash needed $136,739

Purchase price$ 336,990

Loan amount $206,990

Loan term 30 years

Interest rate 7.1%

Monthly expense breakdown

Total expenses $1,943

Mortgage $1,395

Taxes $280

Insurance $47

Variable expenses  $180

Fixed expenses $42

Monthly Fixed expenses: $42 

electricity $0

gas $0

water & sewer $0

hoa fees $42

garbage$ 0

Other$ 0

Monthly Variable expenses $180

Vacancy $180

Maintenance $0 (new construction)

CapEx $0 (new construction)

Management fees $0 (self manage)

Returns

NOI$ 20,412

CoC ROI 2.69%

Pro forma cap 6.06%

Purchase cap 6.06%