Economic indicators for rental- would you do this deal?

[Thuy Pham-Satrappe]

I am looking at a purchase for a buy and hold but the economic indictators are concerning to me. While I know it's best to buy low/make money when you buy, I am concerned that the unemployment will go up and as a result so will the vacancy rate.

Median income: $36,343

Median housing price: $84,300

Housing appreciation:

Past 12 months: -10.1%

Past 5 years: 36.2%

Past 10 years: 23.7%

Renters make up 20% of population

Rental vacancy: 2.7%

Unemployment rate: 3.4%

Recent job growth: -0.69%

Future job growth: 22.6% (national avg is 33.51%)

Population by occupation:

Manufacturing makes up 30.3% of jobs in this area

Healthcare and social assistance make up 21.6%

Everything else is less than 5%

Purchase price: $13k

Rehab cost: $13k

Est ARV: $45k

Tents: $600-$650

COC return on rental after expenses using $600 rents (taxes, insurance, 10% cap ex, maintenance, PM, 10% vacancy) 10.6%