Are 1880-1900 year old homes good rental investment?

[Michael Valdez]

Hi BP members,

I am Michael, 36 years old, married with one 3 year old son. I am proud to say that God has led me to real estate investment. Thanks to books like richest man in babylon, think and grow rich, rich dad poor dad, the book on rental property investing, podcasts and offcourse from buying my first residential home over a year ago has help gain some knowledge and confidence to invest. Thank you backpage for making this site to help people like me who is just starting. Currently I am looking in an area in upstate ny i see homes between 1880-1900 year old homes which are listed at 66k to 95k. Rent for these homes go for 1700 a month and taxes are not bad i ran the numbers through the BP calculator and return is over 10% which is good enough and homes are already renovated if listed around 90k. My concern is that the homes are really old. Would it still be a good investment? 

[Matthew Paul]

@Anton Ivanov  You live in california , you have more earthquakes than Maryland .  In my area 100 year old homes are all over the place . Baltimore city even more . If they were maintained fairly good , the older houses are built better than new ones . Sure there may be some updating necessary , but that comes with the territory .