If you have specific areas in mind, ask a local agent to pull all the historical information for the area and run the numbers on averages. 

I love historical homes.

Interest rates now are pretty average historically, even slightly lower.

It’s a historic home within walking distance to campus.

Is that area historically STR/Airbnb friendly?

The other two rentals in the neighborhood are also overpriced and have been on the market 22 and 26 days.4) going back 2 years the highest rent rate for your model match has been $2,300. 99% of the houses in the neighborhood have historically rented for under $2,400.

Historically, these interest rates are pretty average, people just got spoiled off the super low rates lol.I say take 90 days to educate yourself, ask questions, listen to podcasts, read books, participate in the forums, and then ACT.

I'm in beautiful, historic Cody, Wyoming.

Originally posted by Ryan Arth mentioned, many of these properties have been updated so much you often wouldn't even know other than the historic character the properties hold. 

But it is definitely a market that has had lot of appreciation historically.