Duplex with great +ve cash flow !!

[Haricharan Kasthurirangan]

Hey Folks 

In the process of buying a duplex in haddon height Nj, I'm a total newbie when it comes to buying properties in the states and becoming a landlord. 

It a 3 bed 1.5 bath with W/D and finished basement in one unit and a Single bed and bath without W/D in the upper unit

Its both the unit pull in about $1500 (Long term tenants) and $850 mon on mon . Total cash flow of $2350 per month 

 Im planning to move in and rehab the upper unit . Move out after an year and rent it out the unit 2 at $ 1000 - By adding W/D, cabinets and giving it some TLC

Buying cost : 226000 with 6 K back at closing

Doing FHA 30 year at 3.25% Monthly payout including P&i +PMI , insurance and taxes works to $1800.84

Electricity paid buy the tenants. Water and Gas are paid by the landlord. Water comes to about $65 a month and Gases at $164

The property has almost new HVAC , 8 year old roof , has older window its 63 years old 

Wanted to know if this is a good deal. Home inspection and comps see to be good . This is my first stint in to real estate investment . My goal is to keep buying rental income properties to generate +ve cashflow and attain freedom by generate passive income in the next  5 - 6 years . Hope im making the right decision. 

Looking forward to hear from you all . 

- Hari