Looking for 2nd opinion on rental property in Boston

[Christian Nachtrieb]

Hi BP community, this is my first post (I think) and would love to get some second opinions on a property I'm considering investing in in Boston, specifically the Ashmont area of Dorchester. The unit is only a 3 min. walk to the red line train station and I'm wondering if the numbers for the 02124 zip code make sense... bare in mind Boston is insanely expensive right now. The unit is very small, only 450 sq. ft so it would be for a single professional commuting into the city. The last tenant to live there was a grad student at BU. It's mostly updated, with the exception of the bathroom which could use a remodel in a year or two.

$195k offer price

20% down

Monthly Expenses:

HOA $100

Insurance $30

Taxes $156.75

I'm still calling lenders, but the rates I'm getting quoted at are 4.5% 30yr fixed. It's looking like my monthly payment including expenses will be $1,027/mo. Going rent for the building is $1350-$1400.

What do you all think, is this an Ok cash-on-cash return for this type of a market, and am I committing too much capital for this size cash flow in Boston?

Any help GREATLY appreciated, thanks all!