Investment Evaluation - Need honest feedback

[Chris Dudek]

Here is an investment I am considering.  It is for a short term vacation rental property.  The owner provided me with all the numbers, but to save time I will just give you the basics.

Asking Price                       $759,000

Total Rental Income 2014   $88,302

Total Expenses              $49,350

Profit                         $38,952

Please share your thoughts or critiques.  Thank you for any help or advice.

[Chris Dudek]

Thank you all for your replies.  I agree with you on the return for the $255k isn't great. I am trying to think like an investor not an owner so I appreciate the feedback.  Is it completely wrong to look at it by saying I will only have to pay $255K for a $750K property, renters will pay the rest?  That was the way I initially looked at this investment, but I know there are more factors than that to look at that just that.  Thanks again