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Updated almost 2 years ago,
Is cashflow the first thing, when buying a ranch vs two story house for investment?
I am buying one of the below investment properties both are houses with no HOA.
1. A two-story house 3 beds and 2 bath (total 1400 sqft, includes basement upto 350 sqft) . Rental income = $1600 per month as rentometer
2. A ranch house with 3 beds and 1 bath ( 900 sqft with no basement) : $1300 per month as rentometer
Both the house in same area just 4 miles away . but the 1st one is closer to groceries/pharmacy and is more kind of remodeled.
Would you pay 45k more for the 2-story house ?
Thanks