Deal or No deal

[Vijay G.]

Last year Me and my friend backed out of off market deal 16 units @ 5 buildings price:1.037M in a population declining city which has 3k in population size. but i heard from town that rentals are always in demand. seller got the appraisal for all 5 buildings and they appraised at 800k.

Now seller came back and wanting to sell 1 building (7 units-13bed, 5 bath) for $405k. (25k down payment to seller and he is willing to finance the remainder 382k @ 6% interest (monthly payment $2800). 

I feel like this is a no brainer to take on the deal. Monthly rents: $5750, cash on cash return 1st year: 27%.

bad thing about this deal is we need to evict one tenant which cost us $650 plus 4 months of rent possibly. 

we are planning to move forward with this deal. Any advice on this experts ?