Rental Investments in Jamestown NY
New to investing and am currently in the process of learning and analyzing deals and I am finding several properties in the price range I am looking for ($45K-$75K) in Jamestown NY that cash flow well according to my calculations using the BP calculator. My concern is that Jamestown NY has a high crime rate (1 out of 27 chance of being a victim of violent or property crime), a declining population (current population 28,900and declining at a rate of -.071% annually) and 16% vacancy rates. So I like the prices of the properties and the fact that it seems as if they will cash flow, these other factors concern me.
I am interested to see of others are having success in this market?
Thank you