Help with a first-time multi-family income property deal

[Abraham Bakre]

Hey BP community,

So I have a wholesale deal I'm looking to acquire for a sales price of 92k. Its a duplex in a moderately bad area that I've lived in close to all of my life.

I'll post some of the numbers first.

Annual Rent: $15,420 (both units renting at $650 & $635 per month)

Minus

Annual Taxes: $988
Property Insurance: $750
Annual P&I: $4,638 @ 5% interest assuming 20% down

Equals

$9,044 in total profit

So I'm wondering if this property should be a contender or not? Please offer any insight/criticism that you deem helpful!