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Updated almost 4 years ago on . Most recent reply
New Rental Property Suggestions
What do you think about this deal?
Back story. The property is owned by people we have known very well for 10 years, and we bought a property from them 2 years ago. That property has gone great. So we are looking at buying another one from them.
Deal
Property - 3 bed/2 bath
Purchase Price $105,000
House Value - $115,000
Renting at - $950
Mortgage (tax, insurance) - $555
Maintains/Capital improvements - $100
Vacancy - $125
Property Management - $95