¿How to calculate Capex percentage?

[Account Closed]

I searched on google but i want to make sure if im correct.

Example:

I have 1 property i rent it for 1000/month

BUT i pay 700 ( PITI,property manager,Repairs,Vacancy,HOA etc)

So i have 300/month profit

So 700 ÷1,000% = 70% Capex

So my Capital Expenditures are 70%