What aren't the numbers telling me?

[Sean Stu]

I'm spent a considerable amount of time here and at other sites/books researching and learn about REI. (I have a single townhome rental, that I got 10 yrs ago while in school, LONG before I knew any of what I know). I built a spreadsheet that runs the numbers (built before I became a pro member here, but the output numbers line up) and have been searching in the northern San Diego area area I will be moving shortly, that said I am still have some trouble figuring out some expense figures. Based on the research I've done I've been using 5% vac, 7% repair, 7% capex of monthly income (these are below the traditional 10%, to account for the high purchase prices in SD). I've been toying if 5% vice 7% is more realistic. That all said, what prompted this post was a property I looked at and unequivocally rejected was just sold in about 2 weeks and I am wondering what I could have missed. I doubt there are mind-readers here, so I realize we can't know certain factors pertaining to the buyer, but rather I was hoping some ppl would look at the listing and the numbers as I see them and see what I might have missed in my analysis. My end goal is to fine turn my analytical abilities. Below is a link to the property

House