Return on Equity: Check my math

[Travis Moe]

BP Community -

Will you all help me double check my math and my assumptions on my current annual ROE? I own 3 properties with the following bar napkin financials:

Current Market Value: $1,215,000

Current Total Loans: $590,000

Current Equity: $625,000

Current Total Annual Cash Flow $20,646 (positive)

I'm taking that cash flow and dividing by my total equity to render a current ROE of roughly 3.3%.

Does this sound even halfway correct to you, BP? Thanks!