Does this investment make sense for our family to do?

[Michael Stowers]

Hey Team,

i'm in escrow on a 3/2 home in South Tampa brand new remodel. We are in escrow at $390k and we are putting 25% down. We are only cash flowing about $125-$250 a month. Our cash on cash return is 2-3%. Lord willing, this home would be a long term investment and it's a flip so we wouldn't have to rehab just the general maintenance. We are from San Diego and I still like the Tampa market long term. Is this still a good investment considering the capital we are putting in to get a little return at first?