Property Manager · Colorado Springs, CO · Member since 2017 · 126 posts · 67 votes
5y
Hello @Maria Palomino, I'm not sure where this property is located, but you've found yourself a 2% deal according to your numbers. That means the cashflow is great but I wonder what kind of neighborhood it is in. Traditionally, you don't find 2% deals in the best areas. If you are comfortable with the area and a property manager with experience has given you the greenlight, I would pull the trigger. I don't think anyone would be complaining about almost $900 of cashflow on 27k invested assuming all other factors check out and you are comfortable.
This property is located in south Texas, is a duplex 2012 ready for a airb&b, the pre owner had it rent for 1600 for month each side.it May be a little more extra on the maintenance.