Should I consider buying it as a rental property?

[Wakes Andre]

I'm looking to buy a rental property. I have a few potential leads but I feel like the price is too high and margins too low.

The property I'm considering has:

Price: $190 K (negotiable);

Sqft: 1742

Garage: Yes

HOA fee: $280 per month

Tax: $3748

Type: Townhouse

Rent: $1650

If I get it for $180 K and put a down payment of $85 K, my payments will be around $1215 per month. Which leaves me only $435. Would it make sense to invest in this property or I should continue looking? What are the good margins?