Real Estate Agent · Lowell, MA · Member since 2019 · 1k+ posts · 1k+ votes
This would be a condo in the white mountains that I would rent out to Long Term Tenants. I think it's pretty common to airbnb in this area but I like the idea of stable predictable cashflow.
The cap rate is less than I typically look for but the cashflow is pretty attractive. I have more actively managed properties but a condo is attractive since I'm assuming it would end up being pretty close passive income (assuming we get great tenants).
Rental Property Investor · Tampa, FL. 33619 · Member since 2019 · 33 posts · 13 votes
7y
My Quick & Dirty analysis of this is, if the seller accepts an offer of $120,000, I might give a thumbs up. Only because that raises your Cash On Cash to 9.19% (all else remaining the same) and you still get good cash flow (my minimum cash flow of $200/mo. per sfh and I prefer at least 12% ROI from my prop. anals.). Can you add any capital features to increase the rent maybe?