Riverside County, CA Deal

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I'm looking at a deal that I know is pretty tight, but am curious to hear the thoughts of more experienced investors. 

Sell 220k - single family home 3bd 2 bath 1,470 sq ft

Appraised value 240k

20% down

4.25 30 yr fixed - mortgage & interest around $905/month

Prop taxes 230/month

Rent 1,500 month

Only monthly expense not paid for by tenant is gardener $120/month

Tenant is signing another year lease this month.  Tenant is stellar never late and takes good care of property. 

[Account Closed]

Steven Picker it would be high if I needed to. It's very close to PGA West. I know the current owner and he knows the owner before him and neither have had a problem with finding a renter. Of course past performance is not an indicator of future performance. I agree that the appreciation is what makes this deal even worth looking at.