Need help in analyzing property for a newbie

[Vamsi Yerneni]

Hi Sr's,

I am planning to purchase my first rental townhouse in central NJ.Would you be able to take a look & let me know how am I doing with my numbers(Hopefully I didn't screw up big time)

I ran the numbers with below info & got 200$ of positive cash flow

Purchase Price:150000

Repair cost:30000

Rent:1850

Expenses

HOA:300

Property Taxes:5500

Interest rate:5.5%

Vacancy rate :10%

Value after repair 215000

Thanks for checking out.