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Updated about 5 years ago,
SFH Purchase in New Castle IN?
Hi Gurus, I am about to acquire a SFH 3/1.5 1250 sq in New Castle IN from a turnkey. Price is 130k, and it was just leased for a year at $1175. Schools around 5-8 and not too far from the freeway. I will do 25% down with 30 year fixed. I know this area likely won't appreciate much, but the place has a new roof, furnace, HVAC and water heater as well as nicely updated kitchen and bathrooms and almost all new windows. I will probably cashflow around $200 a month or maybe even more considering I have most of big ticket items are new. Is this a worthwhile investment?