TH asking for 115k for 2 Bedroom+Den, 1 bath, less than 1000 sq.ft.
Rents for $900 plus utilities ?
Might be ok if you buy ten to get some economies of scale.
If you buy one with 20% to 25% down and zero cash flow it’s an ok investment and with 1% to 2% upside per year and $2000/yr mortgage paydown it’s an OK ROI but to make some significant money you have to buy multiple. Can you?
Major components status /age ie roof, windows, boiler or siding? Are there condo fees?
Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor
www.prestprop.com