Rent By the Room = Great Cash Flow

[Elise Watt]

Investment Info:

Townhouse buy & hold investment in Charleston.

Purchase price: $249,000
Cash invested: $20,044

This 3 bedroom 2 bath townhouse is currently rented by the room bringing in $2,550 per month. Each tenant pays between $750-950 with utilities included to create a stress-free environment. Since acquiring the property in March of 2021 it has appreciated more than $75k (as of August 2022).

How did you find this deal and how did you negotiate it?

This property was found on the MLS during the height of the COVID-19 pandemic. Being the 1st offer on the table after falling out of escrow on another property nearby due to the appraisal helped in our negotiations.

How did you finance this deal?

Conventional Financing