Karl.
Some advice here.....you should allow around 10 - 15% of whatever your purchase budget is to put things right in the first year of ownership. My first plane was an Arrow 1 which I bought for 37K. I had a bill for 10K at the first annual. This kind of experience is not unique so DO NOT skimp on the pre purchase inspection.
Secondly you should allow a budget of 10 - 12K per year for fixed and variable running costs, that's based on maybe 100 hours per year.
Let me know if you want a breakdown of those costs.
Fly.....