My situation. How do I expand and utlizie my assets

[Collin Sharf]

I currently own 2 condo units in south florida. Bought my first one back in 2015 for $74k. I owe $50k. Monthly payments are $750. Im renting it out for $1450. Making $700 profit. Currently the unit is appraising for $170k. But i expect it to increase higher due to local development. My second unit i bought in 2017 for $115k. I have a roommate at $850. Current appraisal is at $160k. I have bout $40k in the bank. Credit score is at 790.

My local property values are increasing and id like to buy another one but the average condo is about $150k with rent maybe at $1500 a month. Doesnt seem to profitable for me considering the coc return. Im possibly looking for investment properties in ft pierce but the locations are completely under developed with alot of bad neighborhoods. Its more of a fear factor dealing with area and trying to collect rent.

Any advice on how to make it in the real estate market. I want to keep growing but i feel like the market has passed my current funds.