$117k Purchase Price $500/month cash flow. FIRE Realty Team

[Joe Hammel]

Investment Info:

Single-family residence buy & hold investment in Warren.

Purchase price: $117,000
Cash invested: $35,000

Contributors:
Joe Hammel

Light Sweat equity single family home - great rental market. 3 bedroom with a garage and no basement. Needed appliances and some cosmetics, bot not much. Spent about $7k on rehab. Rented for $1500 a month. Cash flows $500 a month after saving for maint, capex, vacany, etc.. I personally self manage, but still would be a good deal with PM.