Would you recommend this deal for my first investment property?

[James Bavaro]

Multi-family Property 

Desired Offer: $499.5K

FHA Loan at 3.5% down

Cash Flow = $233 per month (running the rent numbers conservatively - could probably get an extra $200 per month)

CoC ROI% = 11.2%

5 Year Annualized Return = 38% 

Does not need renovations. New hot water heater + roofing. Tenant pays utilities. The property is in a low-category flood zone. 

My first investment property - Wondering if it is worth my time.

Here is a link to my report analysis: https://www.biggerpockets.com/analysis/rentals/3ebeee0e-9a02...

Any feedback is much appreciated!!! Thank you in advance. 

[Caleb Brown]

Is the cashflow while you live there or when you move out? Seems like a good deal