Deal or No Deal?

[Nick Patel]

Hello investors - Happy Easter!

I am new to BP and this is my first ever home live with parents and continue doing so.

This is my first investment property in Mercer county NJ
and here are the details.

year build 1983, 1120sqft (well maintain may have to spent 2000 for repair
plus closing cost) (schools rated 5,7,6)

Bank owned forclouser $124000 (4 homes on sale for $160k-$182k range same community)
planning to put 20% - $ 24800 (should i put less down and pay PMI?)
Get loan of $ 99200 @ 4% 30 (should i go 3.125% at 15yr?)

Mortgate payment $474
HOA $260
Tax $500 ($6000 per year, very high based on price)
Insurance $50
water/sewer ?? (tenant pay in this community)
utilities ?? (tenant pays in this community)
Vaccancies ?? (should i consider? if yes, how much)
repair ?? (should i consider? if yes, how much)
other ?? (is there any other cost i am missing)
---------------total $1284

Rent $1450 (lower side, my friend is getting 1550 same size condo in same community)

cash flow = $166

Should i buy this or find something else with less property tax and HOA?