Owner finanacing rural deal
So I found a deal on an owner finance duplex in a small rural town of about 16k people. It's maybe 15 mins from a much bigger town or suburb And 30 mins from the city. I can get it for about 100k 5% down and 5% interest. Rents are 1300 a month
So the note would be 400 a month p&i
Vac, maint, taxes , insurance 600
Should cash flow 300 a month on paper. But it's a small farm town. Any thoughts?