Cash flow - Is this a good property to invest?

[Robert Caccire]

Can someone advise if below information is a good cash flow property?

purchase price - $950,000, buyer will do owner to owner financing of $200,000. It will be a 5 year interest note only balloon in 5 years. 

We will pay cash of $750,000 coming from a 1031 exchange. 

Rent roll is $9,600 per month 

Expenses estimate of $3k per month. 

Cash flow of $6,600 per month.

Leases in 2024 will increase $500 extra per month.