Deal Analysis and seeking suggestion

[Varun Khatri]

Hi,

I am new to RE Investing and would like to check if following numbers makes sense or am I missing anything:

Property Details : 3/2 Townhome

Income: $2800

Expenses = $2700 (approx)

Here is the break down.

Mortgage + Tax +Insurance = 1800

HOA = 265

Vacancy = 5 % per month = 140

Repairs + Cap Ex = 200

PM = 10% per month = 280

Total Cash Flow : $100

I can get greater cash flow if I manage myself but I am not planning to do it.

I am thinking of getting HELOC and buy a new primary residence and rent this one. Any suggestions are appreciated.