Question on 1% rule and qualifying a good deal

[Will Mobley]

So I’ve been reading ”How to invest in real estate” and just finished the section on the ‘1% rule or the 2% test’

I was looking at a potential 3 BR/ 3 BA unit in a college town that is rented through July 2022 at $1,425/month and renewed at $1,500/month through July 2023

Listed at $212,900

After 20% down, estimated total monthly costs (mortgage, property tax, insurance, HOA) are $1,212

So even though the $1,425 doesn’t equal 1% of the asking price but is greater than expected monthly costs is it still a bad deal?

sorry for sounding clueless just new to this and trying to learn!!