Opportunity for a rental house :: Need comments on the financial numbers

[Vib Baker]

Hi,

I am planning to purchase a single family house in the Dallas area. Property is in a very good school district and I own another property in this area which I have been able to rent out for the last 3 years with almost 0 vacancy rate. Can someone please comment on the following numbers and let me know whether it makes sense or not -

Purchase price - 215 K
Expected down payment - 20-25%
Expected Rent - 1700 - 1750 PM
Taxes - 4800

For my earlier properties, I was able to get 1% of the house value in rentals but with prices going up it is difficult to see such opportunities. Appreciate your responses on whether this is a good investment.

Thanks
Vib