Rental property purchase

[David Lewis]

Hey BP community! Question... I’m looking at purchasing a rental property that has been on the market nearly 230 days. According to the sellers agent, the main draw back the property has is its location on the edge of town. I’m looking at this purely as an investment property and it’s currently priced at 85k. Cash flow is approximately $400/month with current renters in place. What are y’all’s thoughts on purchasing a buy and hold property like this? Would you ever consider something like this? Or does the location automatically make it a no go?

Thank you and Merry Christmas!!