How to check if a property good rental investment?

[Wakes Andre]

I need some advice on narrowing down the rental properties. What is the return percentage acceptable and considered good?

For example:

I have a potential property that costs $180K. The HOA is $135. Property Taxes are $270 per month. Home insurance $100 per month.

The fair rent based on the area is $1500

I'm thinking to put the downpayment $50K

With a mortgage for 30 years and an interest rate of 3.8% at the end, I may profit about $400. Would it be considered a good rate of return or bad? Should I buy it or not?