Moscow ID Large SFH

[Suzanne Marlatt]

We currently own a large sfh 6/3 in downtown Moscow that is rented by the bedroom to local college students of a private school.  We have remodeled the property to have a full kitchen downstairs as well as upstairs.  There are large open spaces in the home so tenants don't feel on top of one another.  We are currently purchasing our first commercial property and need some of the capital out of this home.  With having had the home for some time there is a lot of equity and a great rate on the existing mortgage (3.8%). Our desire is to hold the property and continue the great system we've created; no one moves and we've consistently turned students away.  That said, we would like an investor to become a partner and draw some of the equity (180-210k).  The market for the home is 570k if sold outright.  The current cashflow is 1100.