advice on investment Property in Conroe Texas

[Sam Magi]

Buying my second investment property and just like the first one looking for some advice from my fellow BP members!! Thank you in advance for this portal it has been a great help to me. 

Property is 3/2 SFH one story. 2000 sqft , built 2013 in Conroe, TX . Trying to buy it for all Cash for 201,496/ (current loan). A friend of mine has to leave the country for job issues.

Down payment: $201,496

Current Rents: $1800 -$2000/ month

GSI: $21600 (low) $24000 (high)

Expenses: Vacancy @5% = $1080 (low) $1200 high

Taxes: $5625/-

Insurance: $1100/-

No home warranty since Builders warranty is valid until 2023.

Utilities: $2340/-

HOA: 660/-

Maintenance: 1000/-

Property Management: $2160/-  (i am in CA so will have to find some mgmt company)

Net Income: $7295 (low) $9575 (high)

ROI is 4-5% without accounting for dep.

Its hard to find anything in this market with decent ROI. Is this a good buy and hold investment?