Go or No Go? Buy and hold opportunity

[Kyle Hungerford]

Wanted to get some community input on a property that I'm considering.  Here are the details and projections:

2,000 sqft townhouse, 3 bed, 2.5 bath

Purchase price of $225k, financing with a loan (I'll have roughly $50k cash invested after closing costs and minor repairs)

Monthly rent of $2k should bring a net cash flow of $280/month with returns as shown below.

I hear all the time that you shouldn't try to hit a home run on every deal. Sometimes it more important to get in the game. In this market, it seems good just to have a positive cash flow at all.  Any input from more seasoned investors is appreciated.  I have one rental now.  I'm not sure how good townhouses are overall for appreciation.  It seems like the hoa can cover a lot of the capex that you might get with a single family.  I'm still on the fence on this one right now.