6611 Catalpa Ct. Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $520,000
Cash invested: $57,000
I purchased this property when rates were at their bottom as my first home. I lived in the home for about a year and a half and during this time I rented out the other three rooms which allowed me to only pay ~$200/month plus my portion of utilities. Now, the home is rented out fully and bringing in a decent monthly return. I did not have to do any updates or renovations to this home as it was a fairly new build upon purchase.
5 bedroom, 4 bathroom, 3,446 square feet.
What made you interested in investing in this type of deal?
This home had the perfect layout for a house-hacking situation.
How did you find this deal and how did you negotiate it?
I found it on Zillow. I did not negotiate as this was when nearly all homes were selling above list so I was grateful to even get it at asking.
How did you finance this deal?
Conventional mortgage.
