So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

It’s just not worth it in Detroit especially with the low price points. 

However, at $105 per SF seems very low.

Cost per lead (CPL) is crucial—it shows how much you're paying to get a potential seller or buyer’s info, and you want this as low as possible without sacrificing quality.

We'll certainly want to keep the property tax basis as low as possible if we hold it.

Note the property tax will be -10% on the rent by itself.Month 0 to 24: $2450 * 0.5 - $1573 =-$348/monthMonth 24 to 60: $2450 * 0.5 - $1541 =-$316/monthNext issue is due to the low leverage starting at month 24, the ROI takes a beating.  

Make sure you buy it low enough to make it worth the trouble.

I do my own property management to keep my expenses low. 

Eventhough prices has gone back 5% in some areas , the rent market here is limited and migration continues from northern marketsI am investor in the area and live here, my properties have similar profile and are holding well.

Rents are generally low there as well, but definitely stable.