Looking at this Duplex in Indianapolis to start out

[Juan Mora]

I have been researching different markets such as SoCAL, Arizona, Mexico, Cancun and now Indiana.  I live in San Diego and have about $150k in cash and Cds earning 6%.  I would like to get started with my first Investment Property Out of State.

My plan is to put 15% Down and finance the rest with a Conventional Loan at 6.75% and keep it as a Long Term Rental for my first LLC. I have been in touch with some group members who pointed me to this website with some good properties.

I found this entry level duplex for $140,000.  I ran the Rental Property tool on BP and it pencils out.  

https://property.mibor.com/dow...

2442 Indianapolis Ave

Indianapolis, Indiana, 46208

$312monthly cash flow

Monthly cash flow

$312 /mo

Income

$1,500 /mo

Expenses

$1,187 /mo

CoC ROI

13.13%5-year annualized return19.04%Mortgage payment$671.09

I found this second good one but it is out of my comfort budget for being out of state.  

https://www.zillow.com/homedetails/1407-S-Alabama-St-Indianapolis-IN-46225/1084439_zpid/?

Does the first one look like something you guys would jump on?