Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000

Cash invested: $95,000

I purchased this Single Family Home in Warner Robins through a wholesaler that I fir...

I'm also from the midwest and understand that you can find some gems at lower price points that others might to have access to in their markets.  

We call various properties that are located in a 1 to 3-mile radius of the property under consideration that is of similar vintage and with similar amenities.

I can't speak on multi's, but I own 2 one bedroom houses in the north end of NB and have had no crime issues and good long term tenants, still some gems to be found.

As far as crime rates goes, yes I understand the stats, but I also understand that there are many neighborhoods in Detroit that are gentrifying and its matter of finding the gems in the rough and firing the trigger..... pardon the punI  did this in Atlanta, I purchased in neighborhoods that were considered rough and undesirable at the time for around $35,000 today this SFH are worth $185,000 each and renting at on average $1400 pm. 

If you spent your time wondering/waiting on the GEM for the right moment to pounce, you will miss opportunities all over the place in the GREM.A poor GEM just means the deals are harder to find in the GREM, but not impossible. 

This house could be a gem with some $$$$So with all that being said I feel like this could be a great opportunity!

Here's what I have to put in to get close to the numbers you specified:35 year fixed rate mortgage, 5% down, 10% rate, 2001 vintage. 

You gave me some real gems to kick around in my brain.

Most homes that size are closer to $200k with slim margins but the light rehab dated ones in otherwise nice neighborhoods are the hidden gems when the price is right.