Critique This Deal In A College Town

[Patrick M.]

Hi there- I'm in a college market and have the following property in my sights:

Property: 4 br / 4 ba unit, 1250 sq ft, in MF complex with individual lock-able bed/bath suites

Rent: Currently $1650

Target purchase price: $140,000

Monthly HOA Dues: $200

Prpty Mgmt Firm: $165 (10%)

Monthly Taxes: Approx. $200

The complex is relatively new (built late 1990s) and on a direct bus line to campus, where parking is difficult/expensive.

I'm figuring about $1400 a year in capital refurbishment after any improvements that are captured via the $200/mo HOA dues. Look good? What else would you want to know before pulling the trigger?