townhome in Santa Clara (SF bay area)

[Roy Mitle]

This is in SF bay area so 50% rule doesn't apply :-).  Newbie here so looking at my first deal.

Price - 500K

Down 25% - 125K

Annual income - 33K

Annual expense (Craigslist) - 26K

(Annual interest - 15K

Tax - 5.5K

HOA, repairs etc - 4.8K)

Income = 7.7K

cash-on-cash = 5.6%

No property management fee needed since I am local. Also no vacancy factor. 30 year fixed at 4%. Insurance<1K. Prop tax - 1.1%.

Am I missing anything in my fundamentals?