Would you over pay if the numbers still worked?

[Jesse Mitchell]

Hi BiggerPockets world, title says it all.... would you over pay if the numbers still worked?

I find myself in a unique situation where I know the property is 7-10% overpriced but it still cash flows well. It is right next to a college campus and right next door to a duplex I own as well.  It is currently used as a Airbnb where it averages between $1000-1500 a month and this summer will be leased by students at $1200 a month including utilities.

In principle we have negotiated a price of 99k fully furnished with a $1500 cash credit to me at closing.

ROI would be 13-15% based on conservative estimates.

Thanks in advance!