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Updated over 9 years ago on . Most recent reply

User Stats

53
Posts
4
Votes
Heather Ippolito
  • Investor
  • Port Jefferson, NY
4
Votes |
53
Posts

Possible first deal -take 2 - would love any feedback

Heather Ippolito
  • Investor
  • Port Jefferson, NY
Posted

I posted 3 days ago about a possible deal I was considering on a condo in my local market and you guys woke me up to it not being the best deal so thank you!

That one was $145k, rental income 1.2- 1.3k, 120/mo HOA apprx 1k/yr taxes

So new possibilities....

90% of renters in this area are military

I have 3 new prospects now - all SFH

First is $129k but I'm told very negotiable

House is in decent shape and move in ready

In decent neighborhood and closest to military base

rent 1.2k

taxes $987/yr

Second

In a nicer neighborhood, further from base but best school district

$139k

House is in good shape but would replace major kitchen appliances to get better rent

rental income 1.3 -1.35k

taxes $1100

Third

In a nicer neighborhood, further from base but best school district

$150k

want to replace carpeting with wood/laminate to get better rent

rental income $1.3-1.35

taxes $800

Any thoughts on these? House inspection hasn't happened yet.

We might be paying cash for the house.

Thanks!

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