465 Days on Market - Good or Nah

[Mitchlyn D.]

There is a duplex for sale in my area.  The asking price is $99,000 but the assessed value is $45,058.  It comes with 2 units that are 2 bedroom and 1 bath.  Let me just add, it is about 2 streets away from a housing project. 

Nonetheless, using the rental property calculator, it seems to have a pretty good cash flow. Of course, I would need to take a step further and look at the actual financials from the seller.  

My question is, if something is on the Market that long(465 days), could that indicate it is a terrible purchase?

[Jay Hinrichs]

well no one else wanted it... so its probably got some sort of issues.. like its over priced its in horrible shape the housing project is affecting it etc