4 bdrm Ranch with walkout basement in best school district. Rentable?

[Tarun Kapoor]

Hi everyone,

I am new to this forum so let me introduce myself. I own a condo where after the 20% downpayment, the property cash flows. I have been reading bigger pockets for a while now and find it extremely informative and useful. I wish I had been reading it for a couple years. I need some advise so making my first post here. At this point, I am interested in buying a SF that can cash flow as well after some initial downpayment. We saw one that has
1. Lot of custom work done in the house. The house is in very good shape overall.
2. Master on the main level along with huge kitchen area and lots of entertaining space
3. 3 bedrooms in the lower level, which is a walkout. Big windows and doors in the lower level but it still has a bit of basement feel to it. I guess you know in your head that you are going down the stairs and not up. There are CO, smoke detectors etc on the lower level and there is a security alarm too.
4. Best school district in Minneapolis
5. Huge backyard
6. Total 4500 sq feet including the lower level bedrooms.
7. The price is very attractive

Based on rentals in the area, it should cash flow easily. However I am not sure is that if people would like to rent such a floor plan or even buy it 10-15 years later when I sell it? There are few other homes like this in the neighborhood.

Because of the school district this should attract renters with kids but are people ok with their kids sleeping on the lower level?

Do you think I should think about building another room with a bathroom on the main level ?