Skip to content
Real Estate Deal Analysis & Advice

User Stats

4,077
Posts
1,593
Votes
George P.
  • Property Manager
  • Livonia, MI
1,593
Votes |
4,077
Posts

#17 rental was purchased today

George P.
  • Property Manager
  • Livonia, MI
Posted Apr 14 2015, 17:48

just closed on #17. here are the details..

~1,085 sq. ft
-64k (asking was 69.9)
-2 beds, 1.5 bath (converted from 3 beds and going back to 3 beds)
- 1 car garage, car port and a shed in the back

major work - roof, skylight, paint cabinets, countertop, kitchen floors, bath update, put up a wall for a 3rd bedroom. maybe refinish the hardwood - budget? whatever it takes to make it nice

taxes - around 2,600-2,800, who knows what they will jump to
insurance - around $625 per year
area - C+ to B-

expected rent - $1,100-$1,150

here is a picture of the outside

Loading replies...