Cash Flow Property Numbers

[Ray Dixon]

Hello everyone, i found a townhome 3 bed room 3 bath 1 car garage for 78,000. I will pay cash for it so there will be no loans involved. After sitting down and doing the numbers hoa fees, insurance, taxes, I would net a profit of 620 dollars a month. I wanted to know do you guys think 620 dollars a month is a good return on a 78,000 investment???