Breakdown my potential duplex investment

[Anthony Portugal]

hi everyone,

Long time lurker and real estate investor aspirations. I'm checking out a duplex today in hope to finally step foot into the investment world. Please let me know what you think about the following deal:

REO duplex listed for $300k in a very affluent/family oriented neighborhood in South FL. Both units about 2/2, 1000sq/ft. Shared double car garage. Needs mild TLC...Maybe $4-5k. Rent for each unit would bring in the ball park of $1300 to $1450ish.

I would make an offer of $260k. With 5% down, no PMI. 30yr fixed at 4.125%. Taxes $6400-7000/year. Insurance..No idea. My guess $3000/year?

These figures put my monthly expenses in the area of $2000/month. 

Thoughts and other things I should consider ?

Thanks,

Anthony