Property Analysis Practice, Can't tell if there is value

[Hunter Bentz]

I am planning to begin my journey into real estate in the coming months and I am at the analysis practice stage. I did the numbers on a property in Colorado Springs, with which I am very familiar, and I can't tell if the investment would be a good start if I were to be hypothetically trying to close on this property. The listing is at 685,000, I figured it would take about 20-30 grand to rehab the minor things in it. Estimating an appraisal of 715,000-720,000 after the refinance, the fees and taxes included and the cost per month to rent each unit I was left with just under $700 for monthly Cash Flow. However, the property wasn't showing as a 10-12% annual ROI. Now, either my math in the analysis is horribly wrong, or this is still a great investment because roughly 700 cash flow sounds great for a first-time investment. Could I get some help or advice on how others would've done the math differently? The Address is 925 Hathaway Dr. Colorado Springs, CO, 80915. Feel free to check it out for yourselves as either an investment or to just help me understand the ways to run these numbers more accurately and efficiently.