Barely breaking even on rental property

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Im running into a problem of seeing how I could possibly make any profit margin on this property. I’m looking at a rental property to invest in, very good location, but how would I have any room to make money?

Condo: 2/2

Price: $150k

Potential rent (1% of property): $1,500

HOA fees: $360

Mortgage: $642

Property tax (in FL, pretty high): $253

Homeowners insurance: $240

Total costs: $1,495

Total Profit Margin: $5

Am I missing something? If there’s even one month vacancy, I’d be underwater... love to hear any ideas or if it’s just not an opportunity