27 units in North Dakota - Good or Great Deal?

[Gordon Meadows]

The Deal:In a nutshell

Owner Financing of $1,350,000 6% 20 year AM and can refinance in one year
Thats 11.67 % cap rate on actual -My Equity raise only $300,000

27 units with mix of 7-3 bed 2bath, 7-2bed 1bath and 13-1bed 1bath
High rents from $935 to $2250 but lots of value add. Rents in area much higher
100% occupied with waiting list
Pro Forma with rent raise is $3,121,750

Over one acre and a need for storage units in the area. Dropping some containers would also be a great value add. Other amazing opportunities with this property.