Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Kyle Hungerford
0
Votes |
1
Posts

Go or No Go? Buy and hold opportunity

Kyle Hungerford
Posted

Wanted to get some community input on a property that I'm considering.  Here are the details and projections:

2,000 sqft townhouse, 3 bed, 2.5 bath

Purchase price of $225k, financing with a loan (I'll have roughly $50k cash invested after closing costs and minor repairs)

Monthly rent of $2k should bring a net cash flow of $280/month with returns as shown below.

I hear all the time that you shouldn't try to hit a home run on every deal. Sometimes it more important to get in the game. In this market, it seems good just to have a positive cash flow at all.  Any input from more seasoned investors is appreciated.  I have one rental now.  I'm not sure how good townhouses are overall for appreciation.  It seems like the hoa can cover a lot of the capex that you might get with a single family.  I'm still on the fence on this one right now.

Loading replies...