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Updated almost 4 years ago, 02/09/2021
Investing in C/D Neighborhoods. Good or Bad Idea?
Hello. I am looking to purchase my first rental property this year. I'm currently house hacking where I live now. I am considering investing in a market that I'm vaguely familiar with. I ran the numbers and looks to be a good deal even with having 10% in Cap-Ex and Repairs per year but the downside is the school rating is only 3/10 and higher crime rate where this location is.
Based on the numbers it would be above a 20% ROI which is fairly good but not sure if the schools and crime could be a major part of the factor when investing or end up making a poor decision just being the numbers look good. Any tips?