Buying a Turnkey Property in a Declining Town

[Tyler White]

I have been looking at purchasing a turnkey property in a town that is declining, Danville, Illinois. The prices of homes are incredibly low even after the turnkey fees. I have used the Bigger Pockets calculator and the COC return ranges from 9-16 percent depending on the percentages I put in. As I have done research on this town I have looked for both the good and the bad but seem to only find bad. Danville has had a declining population for well over a decade now at a steady decrease and some places online that I have found show that some of the homes have depreciated.

The turnkey company seems great to work with but I wonder is this something to stay away from because of the way the town is. 

Thanks