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Updated almost 7 years ago,
Deal Analysis in Columbus Ohio_First Purchase
Hi everyone,
First post on BP so that's very exiciting :)
I'm looking to buy my first primary property in the Columbus OH area (budget of $100K). Thing is, this property may become a rental down the line in a year or two so before I buy, I wanted to make sure I'm getting a good cash-flowing property as well.
I've read a few books and listened to numerous BP podcasts and wanted to get some opinions on this property -- if I do move out, wil this cashflow?
Based on my math, this property will break even at ~$1K rent after everything (vacancy, HOA, maintenance, P&I, CAPEX, etc.).
Am I thinking about this process in the right way? And for those in Columbus, would this property been a good primary residence to rental convert?
Thanks so much everyone!!