Would you buy a property where the CoC is less than 8% ?

[Janki Shah]

I'm looking into a property that's on the border of a C neighborhood. It's a duplex (3br and 1bth on each side) and only one side is currently rented for ~$650. Rentometer median estimate is about $1100 but BP insights estimates $750. The other side is vacant. The lease for the occupied unit ends in July, and as per my agent, the tenants are expecting a rent increase. I was thinking about increasing their rent to $900 in July and charging the new tenants about $900/month as well. If that goes as expected, my COC would be 7.29% with $395 in cash flow. Would you make an offer?