Single family 3 bed 2 bath in Coralville, IA

[Akimi Oya]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $158,000
Cash invested: $158,000

-3 bed 2 bath single family home in Coralville
-Purchased with cash
-Monthly rent is $1620
-Put ~$9,000 into renovations (new LVP, new carpet, new cabinets, new water heater)

What made you interested in investing in this type of deal?

It was home that was in need of some repairs and renovations. I saw some opportunity in this home. This location of this home was ideal as well- close to university and shops. Close to bus line.

How did you finance this deal?

This deal was purchased with cash

What was the outcome?

It's renting for more than we initially thought. There was a lot of interest when we started to market the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

myself and the Monica Hayes team