Advice needed for an appraisal cameback with 15K below purchase

[Sunny S.]

Hi,

The appraisal for a property at saint louis came back 15K down than the purchase price. The purchase price was 65k and bank appraisal came at 50K. This property is rented for 950$/month and cash flow per month is 350$/month ( after mortgage, tax and insurance).
Now because of the 15k less appraisal value, I will end up paying 25K down for this 65K property. Do you think its worth to go ahead with this property ? I think it take almost 6 years to recoup this 25K down and start building equity. Do I need to go ahead only because of the cash flow even though there won't be any appraisal for this property in the next 5 years?

Please give me your opinion and advice.