Please help me evaluate my deal
Hi - I’m an investor in NJ looking for some out of state investments. I recently found a property in North Little Rock, Arkansas.
It’s a single family 3B/1B turnkey investment listed at 105k. The place is renovated and has tenants till 2024. The place is rented at 950k. After all expenses I would net 150$ on an investment of 25k (including closing costs).
Any advice regarding this area? I don’t know much about this place and there are not a lot of good companies in this area. Any thoughts and suggestions are greatly appreciated. Txs.