Single-family residence buy & hold investment in Leavenworth.
Purchase price: $96,000
Cash invested: $3,000
This historic, Leavenworth home has been updated with new flooring, plumbing, fixtures, and more. 3 bedroom, 2 bath home with 1660 sqft. of living space. Large and open living room and kitchen on the first floor. This home has a drive-through drive way from 9th Ave to an alleyway in the back. This home also has a shed in the back that could be used as a single car garage if desirable.
What made you interested in investing in this type of deal?
How did you find this deal and how did you negotiate it?
Zillow, Had real estate agent.
How did you finance this deal?
30 year conventional mortgage.
This property rents for $1100 a month and after the mortgage, insurance, taxes, and expenses cash flows $475. Feels great to have made a good choice on a property!
-Dylan St Jean
Congrats! Do you factor vacancies and maintenance into your cash flow figure?
@Jason Turgeon Yes I save a good amount of it for the unexpected issues that can arise.
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