Deal Analysis Help, Lake Edward

[Rory Compton]

https://www.zillow.com/homes/for_sale/60649029_zpid/3-_beds/2-_baths/0-130000_price/0-474_mp/36.9289,-75.980244,36.703522,-76.280994_rect/11_zm/

The address is 6030 Margate Ave, and it is near Lake Edward.  It is a 3/2 1260 sqft townhome selling for 60k.  The price was just cut 45k last month.  Tax records assess it at 99k and I would guess it would rent for 800-1k.  Does anyone else have rentals in the area?  I am curious why it is so cheap and why it has been on the market for 250 days.