Working on securing my first deal here are the numbers. feedback!

[Brad Jordan]

I am currently working a deal on a duplex that currently has 100% occupancy. One tenant has been there for 11 years and other 2 years. They just resigned their lease before the property went up for sale. 

price: 160,000

Rent: 1,600/ Month

Payment for 30yrs at 4.12% with 40k down, based upon 100/ month for Insurance is roughly 899.

The Furnaces in both units are older but working great and one ac was replaced about 6 years ago but the other is well aged.

Numbers seem to work great but being my first deal and not working with any partners it makes me question myself. any advice or feedback would be great!

[Daniel Hanson]

@Brad Jordan Are the leases at a market rate for your area?

How much are property taxes?

Would you self-manage or hire a property manager?

How much for the water bill/ other city fees that you would probably owe as the owner?

Do you have any instant equity in the property (i.e. is the Market Value higher than $160k?)

Is the 1% rule generally profitable for investors in your area?

What is your target cashflow per month?  Does this property meet your target?

What would be your exit strategy on the property?

I don't need to know the answers to these questions, but you should as you do your cashflow analysis.