Thanks  @Brian C.Rents are still relatively strong, but values on SFRs are down d/t no one buying. 10x gross rent is pretty close to where they currently are, but because the depressed market i think i can get better deals than that.

Was it depressed due to needing rehab?  

It's depressingly sad that the city believes its own lousy assessments...it's one thing to inflate them to increase tax revenue...but it is entirely different for the local government to actually use the assessments to make financial decisions.For anyone following, the specific example I am asking about is a rowhouse in West Baltimore. 

It’s a pretty depressing area.

Hope that is not too depressing, LOL Hope it helps"The House Guy"

A lot of those 40k houses south of I-630 and in the south-west part of town are in depressed areas, and I'd be very wary of purchasing sight unseen unless you are VERY close to the university or have trusted boots on the ground.  

Studying made me depressed.

The last time was the Great Depression, so long ago that people have forgotten and think it is not possible, but it is.

Due to this fortunate opportunity I have saved a small sum of money that sits in my bank with a depressingly-low dividend rate.

The best part is petroleum will rebound in a few years and housing prices will jump in the areas that are becoming depressed.