First deal - am I missing something

[Ariella Cohen]

I'm looking at a duplex listed for $60K in columbia, sc. 1 unit is occupied, the other vacant. Monthly rent $495 per unit. Management $1100, Taxes $1245 and Insurance $1000. This is a cash deal, so there's no debt service. All of the income is going straight to an account that won't be touched, and will basically serve as a reserve fund. I haven't yet seen the property - still trying to figure out the numbers and how to make it work, but I am planning on viewing some properties soon.
I know about the 50% rule, and even so, the numbers still make sense for our goals.
Have I left anything out?