Am I suffering from cold feet?

[Sal Orlando]

I currently live in a house hack and was looking to buy a second property strictly as an investment property. I am seeking feedback just to get an understanding of maybe something I am missing. I guess what is stopping me from signing the contract is the amount of cash required. I would still have enough reserves but I am concerned the CoC is not high enough. Anyone have thoughts they could share? I would really appreciate it! See details below.

Property type: Duplex - 2 bed 1 bath (both units)

Purchase Price: 211k (25% down payment)

Interest rate: 4%

Current total rent: 2,200 (both long term tenants i believe I will be able to up rent to 2,300 total)

Cash on Cash return: 9.5%

Projected monthly cash flow: $517 

Cash needed: 65k