Is rental investing even possible in my country? (Romania)

[Andrei Verdes]

I was reading The Book on Rental Property Investing and halfway through I decided to start looking up numbers on property prices, rent prices and calculating loan numbers.

So on average a 3-rooms apartment is 60k-80k euro.
The rent average is around 250-300euros per month.
The mortgage would be 280euros per month (for the 60k euro apartment).

The cashflow would be negative since you can't even set money aside for repairs/vacancy/etc.

The next steps will be talking with multiple banks and see if I can somehow get a better interest rate (but it's already at 4%) as well as talking with a local real estate agent.
But even if I get good deals like 40k euros per apartment (mortgage would be 180euros~) I still feel like there isn't much room for positive cashflow.

Is this situation actually possible ? Or am I doing some calculations wrong here?