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Updated over 2 years ago, 04/27/2022

Matthew Hamilton's profile image
Matthew Hamilton's profile image
Matthew Hamilton
  • Rental Property Investor
  • from Minnesota
  • Member since Feb 21, 2022
  • Posts 5
  • Votes 2
  • Experience 4 Yrs
  • Investments 3
Connect

User Stats

5
Posts
2
Votes
Matthew Hamilton's profile image
Matthew Hamilton's profile image
Matthew Hamilton
  • Rental Property Investor
  • from Minnesota
  • Member since Feb 21, 2022
  • Posts 5
  • Votes 2
  • Experience 4 Yrs
  • Investments 3
Connect
Matthew Hamilton
  • Rental Property Investor
  • Minnesota
2
Votes |
5
Posts
General Landlording & Rental Properties

Is this worth it? Low risk investment?

Matthew Hamilton
  • Rental Property Investor
  • Minnesota
Posted

I have the opportunity to purchase a 2b/2b 1300 sq. ft townhome for 200k. 5.5% interest rate and 25% down. Monthly payment is $1350 before vacancy and capex. There is an existing tenant who has been there for 5 years, agrees to pay $1500/mo and says she intends to never leave, she loves the place. Is this worth it at the current rates? 

I appreciate any help or feedback as i start my RE investing journey! 

Thank you, 

Matt

Minneapolis, Minnesota
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