Question for multi family investors about buying overpriced
I am currently looking at a 4 plex the units are all 3br1ba units. They all rent out for 1500 a month 3/4 are rented out. This is also near a university and has been remodeled with a new roof. The current listing is for 400,000. I did my due diligence and the rental rates check out. My issue is when I look for comparables and tax information this listing is surely overpriced.
My question is will I have trouble getting financing if this property is overpriced? Do I overlook the property being overpriced if it cash flows that well?