Is this a good deal as my 1st invesment?

[MJ Singh]

I am new to real estate and new to BP.  Looking forward to hearing from everyone.

2 FAMILY HOME FOR SALE- Great Investment Property $199,999 Central, NJ
On the 1st floor is a newly remodeled apartment having 3 bedrooms, EIK, living room, laundry room and 2 bathrooms.
On the 2nd floor is 3 bedrooms, EIK, living room and 1 bathroom. Property has a large back yard with driveway access.
Income property break down: 1st flr: $1450/mo. 2nd flr: $1410/mo. Gross income total: $2860/mo.
Operating costs: Utilities: $670/mo. Insurance: $90/mo. Taxes: $370/mo. Gross operating expense: $1130/mo.
Net income: $1730/mo.
Financing Options
Option One: 100% Financing to QUALIFIED Buyers
Option Two: 20% Down Payment-Owner Will Hold Mortgage

Thank you, 

MJ Singh