Great cash flowing property in higher crime areas

[Eric Piccione]

We found a 4 plex that has a cap rate of 7.5%, cash flows 590/m and provides a COC ROI of 26%. The only issue is it's in an area with higher crime than the rest of the city. Accounting for vacancies and everything, the NOI is right around $24K so this seems like a great deal. It's also been on the market for a while. I would love to know everyone's thoughts because there are a few schools nearby that have a 7 or even an 8/10. Any and all opinions are welcome!