Currently looking at purchasing my first (investment) property

[David Damsgaard]

I’m currently looking at a home ( 3 bedroom, ~800 sq/ft) that is section 8 approved, located in a strong rental market area in Detroit. Monthly rent is about $916 (annual $10,992) selling for $48,000.

So first I wanted to know if you think it’s a good deal? (why or why not)

And what benefits I might qualify for since this would be my first home.

Thanks in advance for your time.