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Updated almost 3 years ago,
Need advice on a deal
Looking for input on this deal I have under contract. Here are the facts.
Home price :736,000
Rate:5.75
Cost for rate:14,000
Down payment :25%
prop manager:25%
Property is in NH
the property is 10 beds with an indoor pool and sauna and the current owner is getting about 9,000 a month in rent. Very little updates needed besides a possible septic issue in a few years. Owner currently self manages and does not have it on air B and B. I believe with a few update the property could bring in about $11,000 per month.
What do you think?