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Updated over 1 year ago on . Most recent reply
Too good to be true? $114/mo to buy. $824/mo from the tenant.
I'm looking at this on zillow: https://www.zillow.com/homedetails/3500-S-King-St-LOT-J-Denv...
The estimate is saying it is $114/mo to buy it and the Rent Zestimate is $824/mo.
$710/mo in profit per month.
Is this real? Surely there is something I'm not seeing here.
Most Popular Reply
Nathan Gesner
Property Manager
Agent
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- Real Estate Broker
- Cody, WY
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1. You can't finance that home and will need to pay cash.
2. The land doesn't come with it. The home sits on a mobile home park that probably charges $400+ a month.
3. The mobile home park may have rules against renting.
4. Don't rely on Zillow estimates.
- Nathan Gesner
The DIY Landlord Book
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