Single family in the middle of multifamiily - Good or bad
I am working on closing a Single Family Residence (SFR), I am getting a decent enough deal and numbers work even for a conservative rent value. I am paying about 10% below average for the area probably because this property is in a block where on one side are duplexes other side is another single family, dead end and a nice park, opposite side is full of 6-8 unit multifamily rentals. In fact this property is a stone throw away from one of my other investment property that I have had for little less than two year and working out great. This is a B+ suburb of Milwaukee, with good schools and low crime.
My questions are
1) Will there be a decrease in rent due to the location of this SFR other factors being equal?
2) Will there be a problem getting rid of this home if want to, is there a standard percentage cut in home value that makes sense for this situation?
Thanks for reading my post.