465 Days on Market - Good or Nah
There is a duplex for sale in my area. The asking price is $99,000 but the assessed value is $45,058. It comes with 2 units that are 2 bedroom and 1 bath. Let me just add, it is about 2 streets away from a housing project.
Nonetheless, using the rental property calculator, it seems to have a pretty good cash flow. Of course, I would need to take a step further and look at the actual financials from the seller.
My question is, if something is on the Market that long(465 days), could that indicate it is a terrible purchase?