Seller carrying note

[Arturo Hernandez]

Hi everyone, I'll try to keep it short. Seller is selling two manufactured homes on one lot. Asking $400,000. I have not seen the place aside from photos online. Has been on the market for almost 10 months now. Seller is financing up to 40% of the down payment, 160k to be exact at 6% to be paid in 5 years. The total monthly rent, considering they both rent out all year long is 2800.00 total. I calculated after expenses and debt, etc. to have cash flow of $3428 yearly or $285 monthly. Is there anything else that I am missing or what should I be aware of. Is it worth the headache? Your feedback is greatly appreciated.

Thanks!

[Account Closed]

doesn't sound like a very good deal you be making less then 1.5% on your money. I would have a realtor do a market analysis of the property. 10 months on market is not a confidence builder proceed with caution