Buy and Hold Deal Analysis

2 Replies

So I'm looking at my first rental.

5 BD / 1.5 BA, 1800 sq ft, circa 1905

$67,000 purchase price, would bring $1200/mo rent based on padmapper, rentometer, mapliv, etc.. and I think that's being conservative. Taxes are $2000/year. I have a property manager lined up, already manages my townhome.

Doesn't look like it needs much work, maybe refinish the hardwood floors and stain the back deck. Has a slate roof in a "historic district", that looks like it might need some repair. It's original I assume. Does have vinyl siding already, so they should help on maintenance. Neighborhood's nice, but the school district's bad.

Anyway, I think that's all the pertinent information. What do you guys think? 

Promotion
Contracoin
Bridging between Crypto and Real Estate
Get ready to buy your next property using Crypto
Using crypto to own property, leverage #CTCN in buying your next home and more
Time to buy property