Look at YOU, look in the mirror.

Like most cities in the US it mirrored immigration and gradually went from English to German to Irish to Italian, but when the 67 riots happened in Newark (the city next door), anyone who was white that could sell did so, at prices cheap enough that black families could afford to buy.

You are expecting expenses to rise faster than income, and property values to essentially mirror expenses.Just based on that this property is at best a break-even, at worst a serious loser.