Updated over 7 years ago on . Most recent reply
Rental Home in Dallas, Oregon
Appreciation play while cash flowing a rehabbed rental. I bought this house two years ago and rehabbed to sell. The rehab included new windows, roof, floors, appliances, paint interior and exterior, bathroom remodel, and more. Current tenants absolutely love the house and want to stay for as long as they can. Rent is paid on time every month and they take very nice care of the house. Dallas has been a fantastic appreciation play for the past 10 years with over a 10% appreciation average. Competition for rentals is very high! I have another rental two blocks away that was smaller and rented for $1700/month so there is room to raise rents. I have not done so as this couple is amazing and a zero percent vacancy and no maintenance costs over ride my desire to increase their rent. Tenants pay for all utilities. Taxes and insurance are $200/month.