First investment Property Advise - Cash flow vs Equity

[Josh Rodriguez]

Hello, Bigger Pockets this is my first post so not sure if y'all would respond but I have a couple of questions on my first rental property I'm 24 with my own business that trying to build a REP. this may be a long post sorry                    

(side note I'm doing a BRRR without the major renovations i will maybe possibly do a kitchen but its basically turn-key sorry if in the wrong forum)

 I have about 70k and I am willing to put up to 50k(20%) on a 250k house and have the other 20k as reserves. I live in South Florida and it's basically cooked down here so I have been scouring my state and found fairly promising properties under or around 250k but it's 5 hours away from where I live?! . That's just to start but I want to know if the deal that I'm about to get to makes sense. 

So I'm going through DSCR because of LLC purposes and I know the interest rates are higher than normal, with my credit about 7.2% hopefully ngl haven't confirmed. I have a spreadsheet of how profitable I am going to be with the deal and these are the numbers: 245k purchase price, 20% down (49k) 7.2% interest giving me about $1,330 payments, looking at neighboring rentals with the same layout and interior I can potentially rent it for $2,200 hopefully but I expect the worst.

Expenses: Insurance is about $145/m property tax about $208/m (my guess, lowkey the property got tax assessed at $89k in 2022 and now its worth what it is now so I'm guessing $2450 a year). Monthly expenses $390 a month

 I am going to pay a one-time fee to find a renter with property mgmt so I am not paying a monthly fee, i would like to hire handymen instead of a consistent property management fee but I am a novice so please inform me! But carrying on like I said I would have about 10-20k depending on closing costs in reserves and have another bank account with back up back up but I really do not want to touch that, with that being still said I am not adding to capex, maintenance, or vacancy every month even though I probably should. 

So looking at everything after expenses I'm looking at:

Monthly expenses - $1,720 

Monthly net cash flow - $480

initial Coc- 9.75%

Total return % - 13%

putting up to 59k depending on closing cost 

I guess my question is should I be looking at other deals? My original goal before starting was chasing cash flow and not equity so I was doing the numbers in my head for like 1k a month cash flow before I got to the real numbers and saw the reality and tbh if I have to pay for PM and capex and maintenance then I can kiss my cash flow away BUT I would still be building equity should I still look at this as a good deal? It will appreciate because that is what prices are saying and if or when they lower the interest rates the prices of the houses will go up. Also my goal is to cash out refi and buy another property with the profits and and equity built. Sorry for the long post and if it's not as professional as other posts but anyone willing to give me good advice I'm willing to hear I am a novice and want to be entrenched with this information