All true. But
The rifle is relatively inaccurate and limited in range compared to other military style rifles.
Yes the ammo is cheap but loaded in steel cases which makes keeping your ammo stock dry especially critical. If you plan on reloading your ammo this rifle is likely not your first choice unless you plan on buying new brass from the start.
This is not exactly true about accuracy and the range is limited as compared to main battle rifle calibers like 7.62x51 NATO, .30-06 Springfield, .303 British, 7.92x57 Mauser, or 7.62x54R Moisin-Nagant.
That said, the most likely scenario for most shooters is to engage at ranges well below 500 yards, with 100 to 300 yards being optimal. The biggest curse for the AK-type rifle is its primitive sights. If your rifle has the “universal” rail on the left side above the trigger guard, you can put a whole laundry list of optics on the rifle that can be removed and installed at will without changing zero.
I have three Romanian AKM clones: (1) SAR-1 in 7.62x39, (2) SAR-2 in 5.45x39, and SAR-3 in 5.56x45 NATO. All have rails and different optics. The SAR-2 has an ATN Ultra reflex sight that allows me to get head shot double taps on a steel silhouette at 100 yards. Not bad for an AKM. The AK’s stable mate, the SKS, is no slouch in the accuracy department either.