Turnkey Rental Property in Suburbs of Philadelphia

[Chris Pelc]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $120,000
Cash invested: $120,000

This house was in great condition at the time of sale. The previous owner kept up with all maintenance and repairs around the house. Comps in the neighborhood with the same exact specs traded around $190k-$210k. For this small 2 bed 1 bath home in the suburbs of Philadelphia, rental projections based off of market data show this property to rent around $1,500-$1,550/Month. Super simple cut and dry turn key rental property which will cash flow right off the bat.

How did you finance this deal?

Purchased in cash, and refinanced with a conventional 30 yr fixed mortgage.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I provided this deal to one of my repeat Delaware County investors.