Pittsuburgh, PA · Member since 2017 · 14 posts · 5 votes
7y
so if your overall goal is to have 6.8% CoC return then maybe that will fit the bill. In a perfect world for me, I would like to see a 50% return on my initial cash investment, 6.8% seems low but again maybe that works for you. I would also carefully recommend accounting for maintenance, management and vacancy rates outside of mortgage, property taxes and insurance, that could really change the way you look at your monthly true cashflow...best of luck! keep us posted on how it goes!
Pittsuburgh, PA · Member since 2017 · 14 posts · 5 votes
7y
just to clarify, 50% return is based off of the 5 year time line you mentioned. I would like to see a first year return of 10%, having a 1% rental rate is good, 2% is better!
Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
7y
Just to be clear, Roofstock is a marketplace for rental properties. Most are not turnkey in the sense of being recently renovated. There could be a considerable amount of work needed or not before this property is ready to rent.