First rental is getting $400 positive cashflow - how did I do?

[NA Sho]

Hello! I'm new and excited to have found Bigger Pockets, so far I'm enjoying reading all the content and learning a lot. I come from a background where my parents have always owned rental properties (~20), so I know a bit about the process and managing rentals. However, I just purchased my first rental and I'm curious how to analyze and compare my investment vs. a "good" investment. The house price was $360k and I just rented it with it bringing in $400 of positive cashflow per month. Can anyone give me a guideline of how this stacks up? Good/bad/average?

Thanks in advance!

[Nathan W.]

i will bet my years worth of income that a $360k SFH is not cash flowing $400/month. My guess is OP took rent amount, subtracted PITI, and determined that is $400.

I would love to be proven wrong however.