Is This a Good Deal?

[Ben Forbus]

Happy Friday everyone! I'm looking into a couple properties around northeast Dallas, TX and I'm hoping you can tell me if I'm looking at my numbers right for one of them.  This would be my first deal in a rental property so I don't really know if I'm thinking of everything:

Purchase price: $55,000

Property Taxes: $1,350/yr

Insurance: Somewhere around $1,200 (***Too high, too low???)

15 year note with 20% down.

Monthly expenses: ~$515 not including M&R (probably around $575-600 if I just save maintenance costs each month)

Projected Rent Rate: $800

Does this seem like a solid start or should I keep looking?  Appreciate any advice you can provide.