Is there a deal here?

[Jonah Slove]

Found a lead through an expired listing. Out of state owners who are renting the property currently for $1300. They had the property listed for sale for $319k, didn't sell. The own it outright now loan. They are looking to sell to buy a new rental property in CA where they live  but not in a rush to sell/buy. He told me they would do down to 265K which If I offer cash and we dont use agents maybe $240k. Anyway this could pencil out? The property could rent for 1600 -1800 depending. He said the current Tennants have taken very good care.