Lend Your Eyes to a Newbie's First Deal, Please!
Okay guys, I am about to make my first offer and I would love the eyes of some seasoned experts first :)
This is a rental property in Smallville(but not too small ;) ) Ks. Current renters signed a 12 month lease, 9 or 10 months remaining.
C+ area. It is clean and safe, but not overly nice, and there is a major eyesore property next door to this one.
It has new siding, new paint and new floors and does not appear to have super aged water heater/ac/roof but I intend to have a home inspection to verify the big stuff.
Rent: $600/ month
Taxes: $45/month
Insurance: Waiting on a quote, estimating $50/mo
Listed for 33,000, I am intending to offer 29 cash deal.
Let me know what you think please! Any considerations I am missing?