Regardless of the stock market, this is a simple math problem.$160k in cash is your cost, around $11k CF/year means it will take you almost 15 years, not counting added cash costs along the way, before you recover your $160k cost. 

So, do your homework.

Deals are still out there — they just take more digging and flexibility than a few years ago.If you’re consistently seeing negative or break-even numbers, it might just be the math of that market right now rather than anything you’re missing.

This will make the breakeven math clear based on the descriptions of breakeven math above. 

I did some math and decided that I could make it work at full asking. 

I make a bout 45k take home ( work 2 jobs overnight)As my mortgage sits it's half of my pay for a month but I have no other debt I'm single 25 year old with a dream I will achieve.i don't have full scope of a plan but somewhat.

With any comps you should be able to cross check their calendars and see if the math makes sense.

.: If you do the math, even best case scenario in househacks where you are profiting $1-2k per month, your debt to income ratio is still increasing (assuming your W2/1099 dayjob income is about the same).

So, investing in Newark requires doing one's homework diligently, and, as @Ibrahim Hughes stresses, that it it also requires investing in its people.  

If your local numbers don’t cash flow, consider house hacking or buying where the math does.