House with Railroad(tracks) behind house

[Shane Benner]

I have a question that I would love feedback on. I have found a property (3 bed / 2 ba SFR) that I have the opportunity to purchase for $150k and it will rent (great school district and highly sought after area) for about $1,300 / mo. The property is in a neighborhood with the avg price per sq ft this year of sales of about $121 / sq ft. If I purchase this home it would be roughly / $91 sq ft. The property needs about $4k to make rent ready.

So that's the background, here is my question. The property has railroad tracks that run behind the back fence, about 150 yards away from the back of the house. The train runs several times a day, even though it is not too loud. The tracks are the reason the home has been on the market as long as it has.  I will plan on using as a rental and wanted to get thoughts on any experience anyone has with property with railroad tracks nearby.  Thoughts? Things to consider? etc. Thanks.

[Rachel H.]

@Shane Benner The railroad tracks may detract from potential renters and/or buyers. It's probably the reason the home has sat on the market for quite some time. There is opportunity here but also risk as well. Best of luck!