I have a home next door that is going on sale in a safe suburb of Columbus, Ohio. Prices in my neighborhood are roughly around 450,000 to 500,000 range, single-family, approx 3500-4000 sqft homes.

Pros:

1. Its next door, I know the owner for 6 years, very well kept home, the property is in front of my eyes if I rent someone. HOA doesn't have strict guidelines to not rent.

2. I can manage the property without a doubt because its literally like I am living there, proximity from my residence. It's across from my property.

3. Real-Estate is generally a safer investment compared to Stocks or any other "Virtual" asset with the market being so unstable. My current financial condition is decent to afford 2 mortgages. Interest rates are low.

4. If it doesn't rent, my parents are getting old if they do want to move next to me, if I have this house they could stay closer.

Cons:

1. What are the chances it can get rented? I have only seen 2-3 homes being rented in my neighborhood.

2. It's a large investment for potential rental as a single-family.

3. Real-Estate market prices could drop next year, a post-election year with COVID-19 still not gone. The overall market is unstable.

4. House is 7 years old instead of brand new. That means large maintenance items like Furnace have limited life if they weren't replaced yet.

@Prashant Chawla

I'm anything but an expert and don't know anything about Columbus, but I'm not sure I'd purchase this particular home as an investment unless there was a part of me that just really wanted to own it.  For it's price and size, I'm guessing you can find properties that would end up being more financially lucrative.  Having said that, we only live once and if you really want it, it'll probably make some money in the end.  It seems like everyone ends up making money in the end (as long as they can hold onto it through the tough times...)

Good luck!

Originally posted by @Prashant Chawla :

I have a home next door that is going on sale in a safe suburb of Columbus, Ohio. Prices in my neighborhood are roughly around 450,000 to 500,000 range, single-family, approx 3500-4000 sqft homes.

Pros:

1. Its next door, I know the owner for 6 years, very well kept home, the property is in front of my eyes if I rent someone. HOA doesn't have strict guidelines to not rent.

2. I can manage the property without a doubt because its literally like I am living there, proximity from my residence. It's across from my property.

3. Real-Estate is generally a safer investment compared to Stocks or any other "Virtual" asset with the market being so unstable. My current financial condition is decent to afford 2 mortgages. Interest rates are low.

4. If it doesn't rent, my parents are getting old if they do want to move next to me, if I have this house they could stay closer.

Cons:

1. What are the chances it can get rented? I have only seen 2-3 homes being rented in my neighborhood.

2. It's a large investment for potential rental as a single-family.

3. Real-Estate market prices could drop next year, a post-election year with COVID-19 still not gone. The overall market is unstable.

4. House is 7 years old instead of brand new. That means large maintenance items like Furnace have limited life if they weren't replaced yet.

It depends on what your goals are. If you are trying to hedge against inflation and have a low risk/easy investment then this is a great opportunity!

If you are trying to max out your ROI then there are much better opportunities in Columbus, Ohio

Did you run the analysis? Look at the numbers to make a decision based on facts. I can help if you don't know how to do that. Or watch BP webinars on wednesdays, Brandon always explains how to do that. 

This sounds like a good opportunity as a safe investment but I agree with @Remington Lyman that there are better cash-flowing opportunities in Columbus @Prashant Chawla !

You do not say what the local rents are. We have had no problem renting SFR's in our area where homes typically sell for more (sometimes much more) than $1 million - in fact, they are "flying off the shelves," as it were in the current environment.

Whether real estate is "safer" than other assets is a proposition that will have as many views as people. In some respects, it is probably safer than S&P 500 stocks and riskier in other respects.

Originally posted by @Prashant Chawla :

I have a home next door that is going on sale in a safe suburb of Columbus, Ohio. Prices in my neighborhood are roughly around 450,000 to 500,000 range, single-family, approx 3500-4000 sqft homes.

Pros:

1. Its next door, I know the owner for 6 years, very well kept home, the property is in front of my eyes if I rent someone. HOA doesn't have strict guidelines to not rent.

2. I can manage the property without a doubt because its literally like I am living there, proximity from my residence. It's across from my property.

3. Real-Estate is generally a safer investment compared to Stocks or any other "Virtual" asset with the market being so unstable. My current financial condition is decent to afford 2 mortgages. Interest rates are low.

4. If it doesn't rent, my parents are getting old if they do want to move next to me, if I have this house they could stay closer.

Cons:

1. What are the chances it can get rented? I have only seen 2-3 homes being rented in my neighborhood.

2. It's a large investment for potential rental as a single-family.

3. Real-Estate market prices could drop next year, a post-election year with COVID-19 still not gone. The overall market is unstable.

4. House is 7 years old instead of brand new. That means large maintenance items like Furnace have limited life if they weren't replaced yet.

 Lots of variables and not enough information, where is it located? Have you done the research on rental rates?