Indianapolis property comparision -- Good or bad?
Hi guys,
This is my first purchase for a rental property, I am confused between 2 properties one is at Cork Bend Dr which is listed at 125k ,year 2006 which cash flows 11.30% . The other one is North Dequincy @ 85k, year 1957 ,which cash flows 17.35%(which will be completely rehabed).
The one in Dequincy falls in Washington township.
Which one would be a wise move? Why?
Thanks a lot for all your help.