Houses under $70k in Fredericksburg, VA (22401)

[Nilesh Makhija]

Do you still find properties (single family or townhouses), 2/1, 3/1 in zip code 22401 around class C neighborhood areas? I am looking for $60-$70k all in with purchase price and rehab costs and having a 10% cap rate. But recently it has become hard to find any deals in the market. Do you still see if this criteria is good enough for this market or need to look in other markets to meet the criteria?