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Updated about 7 years ago,

User Stats

4
Posts
3
Votes
Nolan Wildfire
  • Knoxville, TN
3
Votes |
4
Posts

Knoxville Tennessee SFR

Nolan Wildfire
  • Knoxville, TN
Posted

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.  

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