You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

A lot of 'off-grid' places are not, which will lower their value and resale ability.Also, you are decreasing your potential market by choosing a venture like this..not everyone will find composting toilets as cool as you and I might.Having said that, I think it could be a great find, if it check all the the boxes.

My gross income is a bit less than $7k (and I'm renting near top of market rates) with minimal repairs ($2k/y), but...1.

YoY is up 3.5%.Rentals - Availability by MonthThe number of homes for rent decreased MoM, also bucking the seasonal trend.Rentals - Median Time to RentMedian time to rent increased in November to 30 days.

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

Do the numbers make sense with each and all interest rates? 

Don’t chase rates.  

Cap rates:  Cap rates have been expanding, but sellers think they will tighten. 

No fees = higher rates.