Packaged Deal, Investing in South Florida

[Menashe Miltz]

Hello Everyone,

My name is Menashe, i just moved down to South Florida my goal was to start buying investment property part time . My full time job, I am a Real Estate agent our Company specializes is Pre- new construction and investment property.

i would like to know what you think about this deal. 

Packaged deal of 4 condos 

Price- $220.000 i think i can get it for $205,000

taxes total - $2,400yr for all 4 units

insurance- $2,000yr  for all 4 units

HOA- $11,200yr for all 4 units

Rental income= $43,200 will be $48,000 in a year

Debt service $1,175 month

i will be managing

and i will be getting a 3% commission on sale because i am a Real Estate agent 

Any advice would be greatly appreciated 

Thank you

All the Best,

Menashe