Should I put in cash offer for this property?

[Mohammed Hassan]

Hi,
I estimated the CAP rate which is about 6% based on below.

Listed price: $240k
HOA: $0

Taxes: $4k/yr

House type: Townhouse
Estimated rental (from realtor): $1750-$1850

Does this deal makes sense for an investment property?

Anything else should I consider?

This would be my first investment property. Hence, I wanted to ensure it is a good investment.

Thanks,

Saif