Thoughts on Townhomes??

[Ryan Young]

Hey everyone, I have been lurking around these forums for a while now but I finally am deciding to do my first post. I have been looking around my market very actively, analyzing potential properties, and checking out some properties with my realtor. I have came across a townhome (right across the street from my neighborhood) and I am very interested. This is my first potential deal so would definitely like to hear some feedback from you guys. Here are the specifics: Asking price: $100k Rental price: $1150 HOA fees: $138/month but covers a wide range of stuff such as water,trash,landscaping,etc.) After factoring in vacancy,repairs,etc, it comes out to cash flowing around $200/month and around a 10% cash on cash return. What do you guys think? Any tips/advice would be greatly appreciated.