3313 Lowell Ave Jacksonville, FL
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $95,000
Cash invested: $25,000
Sale price: $95,000
Closing on August 29TH 2019. Rent is set at $1160 a month with a tenant who signed a two year lease July 30th 2019.
What made you interested in investing in this type of deal?
My husband and I are in our twenties and want to hold properties long term as another form of retirement and also benefit from the cash flow every year.
How did you find this deal and how did you negotiate it?
Roofstock. We accepted full price afte running the numbers it was a great deal.
How did you finance this deal?
Conventional investment loan.
How did you add value to the deal?
By putting 20% down
What was the outcome?
TBD
Lessons learned? Challenges?
Closing costs are stupid.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes we love our lender! And roofstock is an incredible company I would totally recommend.
