High Property Taxes on 4-Unit, To Buy or Not to Buy

[William Coet]

Analyzing a 4-unit in a market where appreciation is not expected.

Property is in excellent condition with no deferred maintenance.

Income is $33,000 and Property Taxes are $10,200.   Asking price is $168,000.

It will cash flow nearly $3,000/yr with 20% down and a 10 year mortgage.

I'd like to hear people's thoughts on purchasing a property with taxes so high. 

Thanks!