SFH close to railroad tracks..,
Hi everyone
Wanted to get thoughts on this...
3 bedroom 1 bath house listed for 35k in a decent neighborhood. Hasvbeen on the market or awhile. Could maybe scoop up for anywhere from 25 k to 30k. Taxes are only $690. With current demand i could probably get $600 to $60 a month in rent.....only problem is there are train tracks in the backyard. About 75 yards from the house up on a small hill seperated by some trees. The current owner currently pays 25 bucks a year to rent the driveway from the rr company!
I am afraid resale value down the road wiil be horrible, buy i am a buy and hold investor so i am not too worried about that now. Also there is no garage...
Any thoughts...
I am currently trying to figure out the train schedule...
Thanks!