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Rent-by-the-Room Deal Analysis
Hey All,
With higher prices and current interest rates, investors are looking to different strategies to make deals work. Here's a breakdown for a rent-by-the-room investment property in Denver:
- 6 beds/ 3 baths
- Purchased in March 2024
-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800
-$300 Reserves
-$3500 Mortgage Payment
-avg $500 in utilities
=$1000 in monthly cash flow!