I'm very mixed about buying this house to be used as a rental. Self Help Community Development is improving the neighborhood by building new homes and rehabbing old that are worth preserving. Self Help works all over Durham though concentrates in a few areas at a time. Their goal is for owner occupied homes and they try to make them affordable for first time home buyers and lower income folks. It makes sense to buy to live in or to buy one that needs to be renovated.
This doesn't preclude renting them out, but the hope is that you will keep up the condition of the house and have some oversight on what is happening there.
A good website to check for rental prices is zilpy.com. It will give you an idea about going rents. It helps to know the specific areas, even blocks.
I own several rental houses in Durham in transitional areas. I'd be happy to discuss the pros and cons of renting in these areas.