Updated over 8 years ago on . Most recent reply
Is this a good SF, buy/hold deal?
Hi guys, hope all's well. My fiance & are looking at a possible SF purchase for a buy/hold. It's a 3/2, 1046 sf, $73k, at 33 DOM. Based on the area, we figured rent could go for 1650-1700 after fixing up, and the ARV's around $150k. The rental rehab budget would be around 20k.
The cosmetic issues aren't horrible, but the layout's weird: Only 2 brs upstairs (one very small), the "3rd" is in the basement, along w/ the 2nd bath. The other bathroom is on the 1st floor, right off the kitchen. In your experience, would quality renters mind having to go all the way downstairs/off the kitchen or the basement to use the bathroom? Based on the above info & your landlord experience, do you think this might be a decent rental? Thx!