Single-family residence buy & hold investment in Columbia.
Purchase price: $55,000
Cash invested: $56,000
SFR turnkey deal in Columbia, SC. 15%-18% cash-on-cash projected.
What made you interested in investing in this type of deal?
Looking for solid income producing rental in SC.
How did you finance this deal?
Conventional 30 year fixed mortgage.
What was the outcome?
Deal closed in September, aiming to get this rented by end of October.
Congratulations @Steven N. ! 15-18% COC is great!
Can you share any more details? I'm assuming you found this deal off market? What're you expecting to rent it for? Beds/baths? Would love to hear more and pick your brain a little as I'm looking for my first deal in the same market.
Thanks. I will send u a pm!
Congrats @Steven N.
What zip code was this in?
On market deal, motivated seller. Literally no repairs needed. We’re getting applications does people who don’t meet credit score requirement. I think we’ll get something lined up within the next two weeks.
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