Old Florida Bungalow

[Kaitlyn Chami]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $242,500
Cash invested: $49,000

This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water. It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!