Is this a good deal?

[Jordan Greer]

Hello everyone,

I am new to real estate investing and would like to take advantage of the wealth of knowledge investors on this site possess! I currently have a deal in the works for 2 townhouses built in 2004 for $220k. Both units are occupied. I'll be putting 20% down leaving a $176K 30 year mortgage @ 5.1% ($11,467.08/yr). Each townhouse rents for $1050 per month ($25,200/yr). Property taxes are $1859.75/yr (both units). Insurance is $725/yr for both units. POAs are $53 per unit ($106/yr). Security Deposits - $1050. Termite Service - $85/yr. Lawn care - $325/yr. LLC Fee - $150. I have budgeted in an additional $100/mo ($1200/yr) for any unforeseen maintenance. I will manage the properties myself.

It looks like I will be netting just over $9325 per year on a $44k investment (21% ROI).

Is this a good deal? Am I missing anything as far as expenses?

Thanks for your feedback!