Need advice on a “deal”

[John Paul]

Hey guys I need some advice about a potential deal my realtor brought me . I put deal in “quotations “ because the realtor I have been dealing with has been sending me everything but deals . I kind of have an idea about this deal but I just want some confirmation.

Arv 450k

Purchase price : 350k ( seller just wants to get rid of it )

Rental income : 3500 (till September ) lease is up 

Mortgage rate : quoted at 6.75

Rehab: 0 fully  renovated 

Mortgage payment including taxes : estimated 2500

My thought process with this, in the area of nj that it is in  there is only one other rental near by that’s listed.  It’s a rural area more for , hiking , water sports , outdoor activities .The house is listed currently for 450k and has been sitting for 64 days another red flag to me  . I would love to keep it because it would currently cash flow a 1000 a month but it doesn’t look like there’s a strong rental market . My 2nd problem is if I go to sell it at the end of the tenants lease I would trigger a prepayment penalty upon sale of roughly 5 percent . So I mentioned all the negatives can anyone come up with positives for me ? lol 

[Matthew Paul]

If seller just wants to get rid of it , offer $300K