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Updated about 1 year ago,

User Stats

649
Posts
52
Votes
Steve S.
  • Dallas, TX
52
Votes |
649
Posts

Rate my rentals

Steve S.
  • Dallas, TX
Posted

I have 2 rentals and i would like some feedback on how you would rate my metrics etc and any suggestions of what i could / should be doing next.

Rental 1

- Built 1998, 2600 sq feet, half of a duplex, very nice finish out, 2 story, all bedrooms upstairs, 2 full bath upstairs, 1/2 bath downstairs

- Acquired in 2016 for $330,000.  

- Current value $570,000

- Current rent $3300

- Mortgage $230,000 at 3.75% (23 years left)

Rental 2

built in 1978, 1800 sq feet, B to C+ type property but best property in the neighborhood, 3 bedrooms, 2 bath, no garage (converted to man cave / family room)

- Acquired in 2016 for $130,000

- Current value $270,000+

- Current rent $1800

- Mortgage $60.000 at 3.75% (23 years left)

Both have long term tenants locked into longish term leases (netx 2 years or so)

Any thoughts?  Feedback?  Suggestions?

Should i pay off as soon as possible?  never pay off?

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