Lousy short term cash vs awesome long term gain
My husband and I are looking at an investment property that comes with a tenant locked into a lease until March 2019. After crunching the number we would only cash flow $100/mo and has a poor cash on cash return but we plan to rehab the house when the lease has ended. Homes in this area are appreciating fast. A 200k rehabbed home is selling for 360k. The analysis looks bad but I can’t look past the long term equity. Advice?