The 1-year LIBOR rate is currently 5.26% (6-month LIBOR is 5.33), so your fully indexed rate would be something like 7.55% today. Not a great deal, but with the low maximum of 9.125, your upside interest rate risk is limited to only an additional ~1.6% increase in LIBOR.
Check to make sure that the initial cap is 2%. Sometimes the initial reset cap is higher than subsequent resets.
