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Updated almost 5 years ago,
Did I make the right decision
This will be my first property. It is a small 1bd/1ba mobile home on .11 ac of land. Based on my market it should rent for 475-500 a month there is also a spot set up on the property to place a camper (travel trailer). Which in my market would rent for 400 (big thing in my market). The camper will cost 5k and I would have to pay water for both tenants. The purchase price of the property is 20k and property taxes are $65 a year. So let’s call it 26k after installation of the camper. All of my calculations say it’s a great deal, but I have never done this before and would like a second opinion. Thanks in advance