Updated over 5 years ago on . Most recent reply
Remodeled home with photos over my ARV dilemma
I have this property built in the 1950s that I completely remodeled. Everything is new besides the foundation and framing. I'm concerned the ARV is lower than I planned for with the Coronavirus happening. I could potentially be over my ARV. My plan is to list the property and try and get my money back but if not I was wondering opinions on holding onto a home from the 50s as a long term investment. It is a 3 bedroom, 2 bathroom $400,000 home in Ronkonkoma, NY with taxes of $6,600 that will rent for about $2,600 per month. The home will be completed this month.