The fair market rents are crazy high. 

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

In this area, market values hit around $4.95 million, giving you a solid 131% ROI.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

It possible that the market will stay low for a long time.

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

While Treasuries are often viewed as "risk-free" investments, certain real estate deals in today’s market offer a compelling alternative—especially when purchased at a deep discount.Take, for example, a 1,000+ unit apartment complex in a suburb near Michigan.

I saw one linked in this article but it seems to have been removed:https://www.biggerpockets.com/blog/best-markets-for-house-ha...Does anyone have it saved by any chance?

I don't know the Peabody market well (my property management business is focused Boston-Weymouth-Westwood area) so I can't speak to what the after-renovation property finishes should be.

AirDNA – This is my go-to for market research.