My second investment deal

[Aaron Ram]

I remember posting my first deal on here about three years ago. Now on to the second one and looking to see how I did.

First deal recap: https://www.biggerpockets.com/forums/12/topics/72051-my-first-deallet-me-know-your-thoughts

I was a bit overexcited purchasing that first investment as you can see with my wording and overall knowledge. Thankfully It worked out great and things are pretty stable there. Same tenants are well into their second year and no real horror stories to report. I used the funds accumulated over the past two years with first investment to put down the 25% on this one.

2nd Investment #s:

Description: 5BR 2BA Cape w/ 1650sqft, Full Unfi. Basement, .25 acre, oncul-de-sac, off-St parking for 3-4 cars, no garage

Purchase Price: $148,500.00 w/ 25% down

30 year Mortgage: $111,375.00 at 4.875%

Taxes: $5,400.00

Insurance: $800.00

Repairs: New Appliances, Paint, Refinish Hardwood Floors, Update bathroom toilets/vanities, Replace Gas Boil. Misc. repairs.$15-20k (Gas boiler is working but replacing because it is very old and peace of mind)

Projected rental income: $2,800-3,000

Landlord additional costs: Landscaping and Snow removal.

Tenants responsible for all other utilities.

Thank you for your feedback! This forum has been very motivating and helpful these past few years!