Is Cashflow with no appreciation ok?

[Moshe Eisenberg]

Hi guys, I would love to hear from experienced investors what they think of buying properties with great Cashflow but in a subprime area. The story is that I own a few units and the management company (which I'm satisfied with) knows of a 3 unit property. Recently renovated. Currently rented out and this management have been managing the property for a few years. So here is my question again, if I look at cap rate its around 20% which is amazing. But since it's in a c area I don't see there being much appreciation. (The issue of the bad area in general I'm not to concerned about because the management company whom I'm already doing business with is ok with it.) Please let me know your thoughts and advice and please tag me in your response so I'm notified. Thank you! Moshe