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Updated about 2 years ago on . Most recent reply

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6
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Stephen Sayles
3
Votes |
6
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Lakewood Ohio Help me analyze this deal

Stephen Sayles
Posted

I already own this home in a trendy Westside suburb of Cleveland.  I owe about $127,000 on a 20 year fixed mortgage with a low mortgage rate (3.75%). It is a duplex with 2 beds and a bath in each unit. In order to get the house ready to rent I would need to invest 100k. I estimate I could sell the house for 225k-250k. I am trying to determine should I repair the house and rent it or just sell it and take a profit? 

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*This link comes directly from our calculators, based on information input by the member who posted.

  • Stephen Sayles
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