[Calc Review] Help me analyze this deal

[Bill Parker]

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Great metro area with high population growth & expansion. It's not hitting my target of 10% CoC for the first couple years (however, it is making $180 per door/month), but the area is extremely appealing and few deals come on the market. This is actually off market, so I'm getting a chance before everyone else knows about it. Built in they early 90's and the roof has been replaced in the last 4 years. Both A/C units have also been updated (will need furnaces at some point soon).

The unit has been 100% occupied for the last 5 years (with exception to a couple week turnover here and there). Am I crazy to accept a little lower CoC in order to get into the area which I believe has tremendous momentum and growth for the foreseeable future?