Investment in a condominium in Bridgeport Ct.

[Ali Syed]

I'm thinking of investing in a 2 bed, 3 bath condominium in Bridgeport, Ct. The asking price is $175,000. The HOA fees are $150/mon, Taxes $300/mon. Most similar properties in the area have been leased for between $1500 to 1700. The property was built around 2007. Its in very good shape.

My plan is to put 25% down. 

What do others here think of this as an investment opportunity?