So, to be honest, the only way I could see paying double to only gain $ 400 / mo (figure takes into account higher taxes also) would be if it was in
a great stable neighborhood where you could also expect some appreciation.
Not exact matches
Great returns in those type of
neighborhoods and if it isn't a war zone you can actually find long term
stable tenants, ones with government checks are the best (SSI, disability, section 8, etc).
Compared to many other areas of the city, local housing prices are still affordable (and
stable), and the
neighborhood boasts of local amenities,
great transport hub, and an array of parks.