Fullerton Investors, quick opinion please?

[Peter Bui]

4 bdr house with 2 bath, remodeled kitchen, no major damages or repairs in Fullerton Sqft: 1377, 6018 lot Purchase price: 460,000 Closing cost: 13800 Down payment: 92,000 20% down Monthly mortgage: 1864.60 Rent income: 3000 Property taxes: 421.67/month Insurance: 100/month Vacancy: 100/month Capex: 150/month Total expenses: 805 Financing: 1864 Income: 3000 Cash flow:~330 ROI:3.74 So this is just me practicing for a property in Fullerton. I am not more concerned with the profit (low ROI here) but more concerned with if I accounted for everything, or did I underestimate something? Just want to know from you guys now so I don’t do it in an actual deal. I found a similar house with 4 bed on Craigslist that was renting for 3200 so I put 3000 to be safe. Do I need to account for repairs if everything has just been remodeled, or can I let the capex handle that?

[Jim Brandt]

If it does and his numbers are right, does he purchase the home?