First Investment Analysis Review

[Fernie Acevedo]

Hello fellow BiggerPocket pros, I'm new to the pro section and want to get your input on a deal.

A bit about us, first home we did a live-in flip. Are in our next home but want to keep this one and invest in our actual first investment. We (my wife and myself) have been running numbers on investments and for one reason or another, we stop short on pushing through which then the investment property is gone.  We use the investment calculator on here and a few others to make sure the investment makes sense but would like another set of eyes. Since this will be our actual first investment and using our savings, we're a bit skittish. We're trying to do our first one close to us but are looking everywhere if the numbers make sense.

Deal info: Duplex, 2/1 and 1/1 units.

City: Bakersfield, Ca. 

Purchase price: $280,000
Down payment 20% ($70,000)

Once inputted into the calculator this is what it spits out:

Monthly income:   $2,375.00
Monthly expense: $1,989.10
Cash Flow:             $385.90
Pro Forma & Purchase Cap Rate:               $5.95%
NOI: $16,661.70
Cash On Cash ROI: 6.34%

Seeing if by the looks of this, this is a good one or are we missing something? 

Appreciate your inputs.

-Fernie A.