Property age for buy and hold rentals: Dallas Market

[Nirbhik Modi]

Hello, 

I am trying to do my first deal in the Dallas market and most of the rental properties(SFH) where numbers make sense ( CoC ROI > 8% and cashflow >$150) are mostly old properties - pre-1970's house. So in a housing market like DFW where new constructions are in incline, does it make sense to invest in older houses. Particularly, if I need to sell the house after 30 years, the age of the property will now be 60-70 yrs old.

What is the usual age cutoff of rental properties?

Thanks, 
Nirbhik Modi