Updated over 9 years ago on . Most recent reply
Who would you do?
Which of these two investments would you choose for buy and hold? It would be a simple cash sale.
https://www.redfin.com/MD/Capitol-Heights/311-69th-Pl-20743/home/11002975
https://www.redfin.com/MD/Capitol-Heights/818-Kayak-Ave-20743/home/11000844
311 69th, $94k, 2 bed, 2 bath, 1408 sf, 5000 sf lot, built 1965, 0.7 mile to metro, Low Crime
818 Kayak, $78k, 3 bed, 2 bath, 1384 sf, 8000 sf lot, built 1937, 1 mile to metro, Med Crime
Zillow says both rent for $1700/month. Let's say they take $20k to make rentable. Both have room for a driveway or expand with a detached garage, but not big enough to subdivide. Crime is from Trulia.