First time buyer! Going rental

[Michael Lanci]

Hello I’m attempting to get into the world of real estate through long term rentals. 

The unit I’m interested in is currently sold turnkey and the tenant plans on staying for another 2 or so years and have been consistently renting for the past 3. The current owner brags about how there has been barely any issues with the tenant. 

Since it’s my first time buying I’m a little bit nervous about if all my numbers are working and if I’m missing anything. 

I plan on putting 35-40k down and have around 10k left for closing costs. 

This is a 2 bed 2 bath condo in an HOA. I'm trying to come in at 230k.

Here are some additional numbers, I think should be accurate. These are monthly-
83$ insurance 

432$ HOA/Condo fees

183$ Property taxes

I can likely get 1700$ rent. 

When I put these numbers through the BP calculator I'm getting around a 180$ cash flow with 4.8 CoC ROI, if I put 35k down.

I know it’s all about what I’m comfortable with but I guess I’m nervous about some unexpected costs during closing that I didn’t account for which makes the cash flow lower. Like taxes are higher or insurance isn’t what I thought.. or I get a 3.5% mortgage instead of 3%. 

Someone tell me to just do it! I think this is a great deal.. new roof less then a year old. Great tenant,  turnkey in a great community. Getting cold feet because of fear of unknown.