Action committed through self-interest

Is good action that is committed through self interest capable of creating good karma? For example *one may contemplate, “if I do action X, it will produce good effects in the future for me, or it may make me look like a good person, etc.”* Are such intentions viewed as greedy? If such intentions are rooted in greed, then it is possible to do something good out of greed? What kind of karmic effect will that produce?