How am i doing on my first single family rental property in GA?

[Kevin Lanphear]

I’m 33, living in north GA, and about to close on my first single family rental property (new construction) in my area in late January. I would love to hear your feedback based on my purchase price, expenses, and cash flow breakdown. Once I rent this out and have the lease signed, I am going to be qualified to buy #2 and #3 rental properties up to $200k purchase prices...

Thanks so much!

-4 bed 2.5 bath

-2038 sqft and 12k sqft culdesac lot

-$230k purchase price

-20% down payment

-cash to close probably will be around $52k

-mortgage total PITI = $1100/mo

-property mgt will cost $159/mo

-rent will be $1750

-net cash on cash ROI around 11%