Out of State Deal Analysis Advice

[Rahul Sunkavalli]

Looking at Charlotte as my first out of state rental property. I am looking at a deal and need some help analyzing it. Property Type: Townhome Listing Price: 200k Thinking of putting in an offer at $180k based on my own analysis. Average Rent in area: 1600/month HOA: $270 Property Tax: $175/month Insurance: 45/month Financing: 30 year fixed That would put me at rough $400 positive cash flow. This will not include management fee if I choose to employ a PM company. Nor does it include the water, sewage, and garbage fees. With all those I expect to I will have $200 positive cash flow. Looking to get some feedback on this as I am still in the process of learning and do not want to make a mistake if I can prevent it. Thanks in advance.