Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
a deal to consider ?
ive been doing some research driving around my area and came across this house . its a 3bedroom 2 bath , 2 car garage with a pool . the house was buildt in 1999 . however has been vacant for 2-3 years according to the neighbors . the story goes that an elderly person died in the house . this is fairly common in hernando county florida . but after a walk around the property . the house is in need of mild repairs . a fresh paint and drain of the pool a fresh paint of the house and that's on outside inspection ,and the a/c looks newer the roof looks original so I'm figuring another 10 yrs on the roof I did see shampoo bottles in the bathroom however I cant go in the house for a more formal inspection , comps show the house to be worth around 110,000. rental values here are for a house of this type would be 1000 per month. my plan was to offer 65,000 neg start price and go there. I would fininace for a mortage of 500 a month approx. 15 year . at 2.5 % and rent out each room for 300 . at 4 rooms that's 1200 a month. 700 past the mortage . this all sounds good . but what do you think ? I'm going to try to attach a picture so you can see it .