High price but would cash flow

[Sara Bentley]

I found an off market property with the help of my agent. The owners are asking 230K for the duplex, 2BR, 1BA each level. I would be able to cashflow somewhere around $800 a month from it, but my realtor is saying no deal since it is over priced. It is quite a bit higher than comps in the area, and the kitchens and bathrooms could use some updating in both units. I offered 215K and they said no deal, they would look into high 220s to sell. This is in an extremely competitive area and houses don’t come up for sale often. Rents are high and tenants are high quality. Should I walk?