[Calc Review] Help me analyze this deal, please!

[Scott Johnson]

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Here's the deal. I'll have more accurate numbers by the end of the week, but as it stands right now I'm assuming $20,000 of repairs to get it up to $750/month rent. The most interesting part of this deal is that it's a 0% interest owner finance. It currently has a tenant that has been paying $300/month for the last 30 years, and is very difficult to work with. In fact, we're having to do an addendum that states that if we can't get into the property by the end of the week, Due Diligence has two be extended.

My questions:

Is it worth taking a (possibly) lower Cash On Cash in return for a 0% owner finance?

Would you do this deal (why or why not would be fantastic)?

What sticks out to you?