Your opinion on this deal

[Tom C]

4 properties, SFR's in a fairly good location. Asking for the package $100K.

1st - SFR 3 bd 1 bath - rents currently $475 month. 6 yr tenant
2nd - SFR 5 bd 1.5 bath - rents currently $450 month. 8 yr tenant
3rd - SFR 2 bd 1 bath - rents currently $425 month. 3 month tenant
4th - SFR 3 bd 1 bath - rents currently $450 month. 4 yr tenant

Total yearly taxes are $2280.00
Total yearly Insurance $2000.00

I haven't looked the properties, but I know the location well. Landlord states new furnaces, 2 units have CA. According to him, nothing needs done to any units right now. He is willing to finance with $25K down. We didn't discuss financing details. All rents are around $100 less the market rate. He said he keeps them low to reduce vacancies. The way I see this is, if I was to keep the rents at their current rate, the best price I could offer for the package is $80K. I usually never pay more the $20K for a property, but then they usually require 3 to $5K in rehab. These will not require rehab.

How do you see this deal and thoughts on if I go with owner financing, what would be a fair finance plan?

Thanks