Buy or not to buy: Duplex

[Matt Slease]

Looking for my first deal and found a contender I wanted a second opinion on.  This deal is in the Canton, Ohio area, but in a middle class suburban neighborhood on the NE end.

- Duplex with both sides rented at $625 each ($1250 total monthly income), seems about market rents for the area

- Asking $120,000

- Annual taxes are $2400

- Been on the market since November

- Repairs appear to be minimal, still need inspection (rentable, but not updated)

What other information am I missing?

Do all banks require 25% down payment on an investment property, or should I shop some local banks and see if I can get away with 20%?