Our Retirement home in 7 year; currently being rented at $4,550/month

[ButchLisa Wofford]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $710,000
Cash invested: $210,000

Bought this house in July 2021 as our retirement home, 7 years from now. But we decided we can't leave it empty for 11 months when we are outside of the country ( I work in UK for U.S. Department of Defense Schools) and decided to rent it out. We bought this home for 4710,000, 85,000 above the asking price & waived inspection. It appraised at $650,000 & the current estimate value at the moment is between $780,000 - $934,000. . Interest rate is 2.62% for 30 years. Current monthly rent is $4550

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

I haven living as an expat here in UK, working for U.S. Department of Defense inside a U.S. military base since 1999. I have 9 rental properties here in UK, 7 of them are within 10 minutes of the U.S. military base where I work and so my tenants are U.S. military members, U.S government employees, (like myself too) U.S. civilian contractors, and their families. A secure/guaranteed rent because the U.S. military, U.S. government, Civilian employers pay for their rent.