Prospective property in lower end neighborhood for rookie investo

[Jun Zao]

After some browsing on Redfin I discovered that it is true that properties in lower-end neighborhoods generate more cash flow.

I've looked at many properties located in Chicago's 2 worst crime ridden neighborhoods.

For example, take this one property:

3-unit, 3 story
12 bed, 4 bath
2 car garage, 2 car outdoor space
3,049 square feet lot
Price: $253,000
$3,671 rent income (actual income based on current tenants)

According to Redfin, my total monthly payment (not including any maintenance) on 4% down is $1,762.

Let's suppose that I hire a Property Manager for this property (because I don't want to risk my life going to this neighborhood), what would be the extra cost of the PM and maintenance?

Hence, what would be my total profit before rent income taxes? Is it realistic to expect a net $1000 dollar monthly cash flow on this property after considering everything including taxes?

Another rookie question, assuming that I hire a PM to to handle everything, does that mean that I never ever have to step foot in the building?