UPDATED: Buy and Hold in Endicott, NY

[Coty B Lunn]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Endicott.

Purchase price: $94,000
Cash invested: $5,000

House hacking at its finest! This was my second investment property - a 3 family residence! This one features a single family home - in which I live and two apartments above an oversized, long 2 car garage. The two apartments are one-bedrooms each, but cover the mortgage, taxes and insurance. On top of that, they pay for my utilities each month in full with a small cash flow at the end! What is better than that?

EDIT: Moved into another home and now renting the unit I was living in for $1,500/month. Renting for a total of $2,950/month between the 3 units. Now Profiting $2,115/month after mortgage, taxes and insurance!