My strategy - how does it look? Please critique

[Anthony C]

Hi,
I'm looking to purchase SFH's in my area and this is how i'm looking at the #'s. The average home prices for the neighborhoods i'm looking in is ~$200k (New jersey).

Please have a look at my 15yr strategy and let me know what you think... I would be doing 15yr mortgages, not too concerned about monthly cash flow, more interested in building an equity portfolio after 15yrs.

If i'm missing anything please let me know! thanks!