HELP! Is this a good deal or not?

[Tinu Matthews]

I'm looking into purchasing my first property. . It's a hot spot for student rental. .25 miles from university but in a residential area.  No repairs that I see yet. Just Renovated. 

Sell price 159,000 3b/1b 

Down payment 15% closing costs 5,000

Taxes 4780/ year

Comparable homes rent for 2000/ month 

Mortgage ins. $67

PM 10%

Repairs 5%

Utilities 5%

I'm sure I'm missing a few things. I would appreciate any feedback. 

[Josh Mitchell]

@Tinu Matthews Will you be using this as an investment property or a primary home? Typically, you will be required to put 20-25% as a down payment for investments. Just don't want you to be surprised by this. Also, if you are planning to use this an investment and rent to students, I would budget closer to 10% for repairs. Keep in mind students may not stay throughout the whole calendar year, so a few adjustments may need to be made to accommodate that and you will want to have a vacancy budget in place. Best of luck!