Small 2BR SFR on a Half Lot, No Garge
Hello,
I am looking at an investment property that is a 2 story house. 2 bed, 1 bath. Small house, 860 square feet. Lot size is 3,484 sq feet (half lot). No garage, but ample street parking. Do any of these features so far sound like it would be difficult to rent out? The bedrooms are good sizes, 13x12 and 12x12. The only thing it is missing is an official dining room. Tenants would have to dine in the kitchen or living room.
It is in a moderate to low crime area, slightly lower income neighborhood. Very close to downtown. Walk score of 32, bike score of 51 (never sure how accurate those are). The home is very close to a park and fairly close to freeway access.
The house itself is move-in ready, new wash and dryer, kitchen could use some updating.
I could add a shed in the back yard as a compromise to missing a garage. I know people need storage.
Expenses (mortgage, insurance, taxes, lawn, snow) are ~$430
Rent could be $900 to $1000 (I may include utilities, which would bring up the expenses)
This would be my second time purchasing an investment property, any input is appreciated.
Thank you!