Advice regarding a recent buy

[Souji Kumar]

Hello Biggerpocket, 

This platform has been very helpful in increasing my insight into real estate and really appreciate everyone's input.

I am almost end of the process of buying a property in Houston.

Purchase price :154k, 2007 built, 2160 sq feet, decent school ratings.

May rent for $1395

20% down

Cash flow after all expenses PITI, management 8%, vacancies 5%, repairs 5%, leasing 1/2 month rent per year- will be around $60.

Was it a good buy with so low cash flow. Any advice for future buying and is it still good to buy anything in Texas! 

All inputs highly appreciated