Posible Rental in Roanoke

[Al Siy]

Just looking for some feedback about a potential SFR as a rental property in Roanoke, VA. I'm not too familiar with rentals in the Morningside neighborhood, so looking for any local feedback about tenants, vacancy, etc...

Property: 3 Bed/2 Bath, Built in 1925, ~1100 SQFt

1413 8th St Roanoke, VA 24013

Expected Rent: $650-$700

Vacancy?

Taxes: 68/month

Insurance: 45/month

Maint/CapEx: 105/month

Rehab to make rental ready:  washer, dryer, fridge, minor cosmetic painting, lighting, etc.

Budget:  $2,500

Timeline: 1 week

Financing:

Sale Price $44,950

Conventional 30yr, 15% down

My main 2 concerns:

1) it's been on the market for >1 year (although they did new flooring and kitchen cabinets in past 2 months to make more marketable).  Maybe a little bit of an odd history:  listed at 54K initially...then down to 34K...made some updates and bumped up to 49K

2) Neighborhood for rentals

[Jake Jernigan]

I would be looking to section 8 if I bought in that area. One of the rougher areas of Roanoke.