Torn between 2 very similar SFH's in Denver Suburb- Advice Please
After months of not finding anything I want to buy as my 1st rental, I found 2 that I would like to buy (I can only afford one).
Both are in the neighborhood I live in- great schools, safe place, quiet, middle to upper middle class, etc. Expected rent is approx $2500/month.
Both are the same model- 5 bedrooms (4 up, 1 down), 2 1/2 baths (2 up, 1/2 down) and both are in very good shape, move in ready, etc.
Differences:
House 1:
Finished Basement, but no bathroom in basement.
Gas fireplace- selling point in CO
Paid-for solar installation (could save renter approx $50-$100/month on electricity)
Small backyard with retaining wall and trees that make it look/feel even smaller (bad for small kids and dogs).
Residential street but higher traffic since it's a "feeder" to the neighborhood.
House 2:
Better curb appeal from street
Less traffic on street.
Back yard is bigger, but feels a lot bigger due to layout (better for young kids and dogs (Everyone in CO has a dog)).
VERY close to excellent Elementary school
No fireplace.
Unfinished basement.
My wife and I think House 1 would be better for families with teenagers (can go to basement) and House 2 would be better for families with small kids (can play in back yard).
Any advice appreciated- thanks!