Guide my next rental purchase please....

[Mary William]

I own 3 rental properties and planning to add one more.

Purchase price: $400k, 20% down

Rent: $2400 if I rent to single family

This has 8 rooms and 4 full bath

High tech city area.

Lot of IT professionals.

I am planning to rent room by room so  each room at $600   8x$600 = $4800

Mortgage+Insurance+taxes = 2000

Vacancy, cleaning, maintenance, big expense = $500

No HOA.

Cash flow $2300

Utilities, I collect from all tenants.

Planning to hold property for 5 to 7 years. Metro is coming within 2 mile.

Appreciation rate: 3%

Bottomed out in 2009 to $250k, that worries me a bit.

Is this a good deal?