Need feedback on first potential deal

[Chris F.]

I live in a college town where real estate has skyrocketed the last few years. As such, not an easy place to get a good deal. But I think I may have found one that makes sense. Would love some feedback.

2/1.5 townhome in very desirable neighborhood. Things don't stay on market long at all for rent or purchase. 

• Price: $72k
• Down Payment: $18k
• Mortgage: $54k ($290/month for 30 year conventional)
• Taxes: $120/month
• Insurance: $33/month
• HOA: $120/month (includes water)

Total: $563/month

Rent Rate: $750-800/month (and I already have a renter lined up) 

Thoughts?