Is this SFR in Indianapolis a good deal?

[Mark Vieira]

I am starting to dig into the Indianapolis market and got a lead for a house that the owner would be willing to quitclaim over to me if I pay the back taxes of approx. $6k. The house is near the intersection of Villa Ave and English Ave on the East side of town. I am just starting to research Indy now but my guess for monthly rent would be $500 per month. It needs about $10k in rehab. Its a 2br detached house.

Would anyone with local knowledge be willing to weigh in on this one? Is this area a war zone?