Quick Help on Underwriting SFR? First time- Looking for Advice!

[Chris Lockwood]

Hi Everyone!
Long time listener...first time caller. First post here!

I recently purchased my first rental in houston and am looking at another one as well. I own my mothers house, have a rental down the road and another 3/2 SFR with a tenant paying 1650 a month is up for sale for 200k asking.

Taxes are about 4400 lets say. Flood Insurance 700ish and Insurance is about 1000, HOA is about 400 a year. Lets say a purchase at 208k with 20% down.

This would be my third property in a half mile range. I like this area near the woodlands, TX. Close to 45.

What I am curious about is if this is an attractive spread for cash flow vs other SFR around this area. Im expecting to receive about 3000k a year (250 a month) on top of having a maintence fund of about 1500 a year.

Is this a normal amount to receive, not worth the investment, better opportunities in similar areas for cheaper or more income amounts? Thought I would ask and thank you for your help as this is my first post!