First Time buyer

[Mia Edgar]

I'm looking into buying a 2 Bdr/ 2 Bathroom in a neighborhood in SD somewhat near downtown and the hospital I'll be working at. Math I've done so far: Asking price: $219,000 P/I=836 Property taxes=246 Homeowners insurance = 91 HOA=210 Vacancy (10%)=200 Maintenance (5%)=100 Rent=$2000 Monthly cash flow = 2000-1683 = 317 The cap rate I'm getting a negative number so should I increase the rent or just give up on this property? I'll be living there for the first 1.5 years so it'll help by rent out if I split it $1200/800. Is it a worthy investment ? All condos in this same area are more pricey. Should I abandon the idea of investing in a pricey neighborhood or go for it and plan on buying and holding for 10-30 years.