How Much Should A Rental Property Cashflow?

[Hector Espinosa]

Hi All,

I would like to hear your comments about the following property, which I think, based on the analysis I made, seems to a be a potential good investment:

* Purchase Price: $98,000
* Monthly Cash Flow: $310
* Annual Cash Flow: $3731
* CoC ROI: 15.86%
* 5-year annualized return: 15.35% (with a profit if sold of $25K)

Also, what are some of the disadvantages of buying old houses? Is there any particular maintenance that is required in a regular basis?

Something I noticed that is making me doubt about making an official offer is that it seems to be in an area with high crime.  

Appreciate your comments.