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Updated over 6 years ago,
Want help analysing my first deal on a single family home OH
Hey Guys
I have bought one rental property before in Europe and currently looking for the first of many in the US
It is a single family one in Cincinnati, OH in the west price hills area
Cash Price $59.9k
It is currently rented to a tenant who pays $895 - section 8. They have been there 5 years and the property manager says they are easy to work with.
House is in good shape. Owner had to do a lead cleanup a couple years ago b/c of CMHA, and it was professionally remediated. May need windows and a roof in next 5 years. Has a great double detached 2 car garage and nice lot.
Tenant pays water, gas, electric
This seems like a good first deal to me but if anyone has advice it would be appreciated.