[Calc Review] Help me analyze this deal
Hello everyone,
I am brand new to RE investing. Still trying to get my foot in the door. As I am reading and expanding my knowledge, I am running the numbers on a few deals per day. I came across this little deal here. It is a little snippet of a property I saw for sale. Asking price is $150k but the only way the numbers make sense to me is at 50k. The two properties look like they need some work done to them. I drove the area on Monday and it is in the ghetto. However, the area is undergoing major gentrification and all homes built around this particular neighborhood start at $300k plus. I am thinking within the next 5-10 years, the entire area will be completely gentrified which will force all the lower class home owners and renters to move out. It's biking distance from downtown and the city's nightlife. Please advise if investing in such an area is a good idea. Thank you to everyone in advance.