Knoxville Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Knoxville Tennessee SFR
My first post on BP...
My name is Nolan and I live in the Oakwood/Lincoln Park neighborhood in North Knoxville. My goal for this thread is twofold. First, I'm hoping to meet some other investors in the area that I can connect with. Second, I want to run some numbers by you all and get your thoughts.
First Purchase:
Purchased a SFR in my neighborhood a few months ago
2 bedroom/1 bath
Purchase Price: $60,000
25% down plus closing costs etc ($18,000)
Repairs (paint and other cosmetic fixes) $1,000
Rented immediately for $825
Mortgage $375
How did I do?
Second Purchase:
Purchased a SFR in my neighborhood last week
3 bedroom/1bath
Purchase Price: $60,000
25% down plus closing costs etc ($19,000)
Repairs (new windows, paint, and other cosmetic fixes) $4,000
Will rent for $900
Mortgage $350
How did I do?
Would really love a second set of eyes.