Did I make a good purchase ?

[Randy Velazquez]

Im recently closing on a duplex I just bought . This would be my first investment and getting kinda

Nervous if I made a good call or not . Obviously, you guys don’t know my market but, their were some less nicer duplexes that I went to go see that sold for 150,000 and rents were about 650 a month for both units . These I closed on I paid for were 187,000. Owner wanted 190,000 , but we agreed for him to pay closing cost so he went down a bit . Those units rent for 800 each . I got a fha loan on them so I’ll be living in one side for about a year and continue investing . Ultimately, I got a 2.7 interest on them so that was great . I’ll be paying around 1100 a month for them including insurance and taxes . I tried the rental calculator and it said I’ll have a cash return of 48% -56% . It sounds to good to be true . If you guys can give me some advice on what to do next and if I really get a good deal ?