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Too risky??

Looking for perspective here. I've been looking to jump into my first str investment for the last year and seriously looking for th least six months. I've found a great house although it's outside of my original budget.

485k purchase price. 20% down at 97k. I'd use 75k of a heloc and the rest in cash. Expected returns are 60-75k gross in year one with ~1k cash flow.

My reserves would only be about 10k left in cash and 30k in my 401k. At 28 years old is this just way too risky?

submitted by /u/Current_Move_8902
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source https://www.reddit.com/r/RealEstate/comments/1668lk2/too_risky/
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