From the price and rental, it sounds like the property is in Lincoln Park or some neighborhood in North Side.Firstly, CAP rate is ROI if you had paid all cash for the property, so it doesn't include your mortgage payment.

There is a car with Alaska plates in the parking lot here now.I'm pretty new at this, but if you ever want to grab a drink and talk about the local market, let me know.

Agree, Oak Cliff is quite varied, from Kessler Park and Bishop Arts all the way down to the old Red Bird area.

Most answers will be coming from a personal experience but without being biased they can be great if you have them in the right locations.Properties surrounding Amusement parks, national parks and beaches are all great.We hold a couple properties in ski resorts and those are rented all year long even with the insurance, HOA fees and property management fees being a little on the steep side.Its all about location just like anything else within the real estate industry.Regards,Andres Calderon

Many parts of town on the "right side of the map", east of Rock Creek Park, or east of downtown, have not. 

Add another parking spot

But I think Bayview has more upside.. especially if it really takes off..DP nearby and the whole push down from AT&T park downwards can't stop..

It's a collection of the best flipping info from the site.Oh - and be sure to set up some Keyword Alerts- especially for "Cedar Park" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Possibly Garfield Park?

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.By the way - here are my favorite articles on Wholesaling: 9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldOh - and be sure to set up some Keyword Alerts- especially for "Machesney Park" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!