Buying a rental unit that may not appreciate? Yes or No?

[Ryan S.]

I am looking to buy a rental unit in a 6 flat that was turned to condos.  I did a mock wright up on CL to see if it would get any calls, and I am getting quite a few for a good price.

The only issue I have with this property is that I do not believe it will appreciate over time.  But it will cash flow instantly around 200-300$.

Is this a good investment or should I look for something that will rent and appreciate?

[Joshua Nudell]

@Ryan S. I think you would need to provide some more information to let people determine if it's a good deal or not. What is the purchase price? What is your out-of-pocket to get that $200 - $300 cash flow? Which is it, $200 or $300? All of these will help determine what your ROI is. How are you calculating that $200 - $300 (did you include all operating expenses such as insurance, interest, taxes, vacancy rates, maintenance, property management, etc)?