Does this investment property make sense

[Scorpion Sting]

Hi

New poster to the web site. I wanted some advice on a investment property

Details - New Construction (the community will have walking trails, dog park, tot lots, club house).
Price - 329,999
Down payment - 130,000
Comparable rent per month - 22,200 per year
Property taxes - 4000 per year
HOA - 1164 per year
Excellent credit
Tax Bracket - 28% federal
Already own another townhome for investment and have 40% equity on that town home. No other debt with primary residence fully paid off

The town house is next to a town center which is slowly expanding and most of the big stores will start moving in soon (Sams, Target etc) and construction in the area is booming with lots of homes under construction. There are also a lot of houses available for rent in and around the area

Not sure if this is a good investment. Any advice would help