Moderate to High crime Rate and Rough Looking Property but ...
Hey guys,
I currently have found a decent deal in my opinion in which I'm looking at a 13.5% CAP rate. All in all the property mainly would need some paint and new laminate floors in coming months. It is a duplex that is fully rented and rents are decent.
My concern is the area the property is in. The crime heat map on realtor.com is red, and i know if the area being somewhat high with crime. You can see vandalism in street view of other properties in the area etc. I will NOT be occupying the property, i just don't want to be getting calls from tenants.
Should I just focus on the numbers? or should I find another deal?
Thanks