1B/1B house for sale

[John Van Uytven]

I found a lead on a 1 bed 1 bath house recently and I have emailed the owner.

First off, I would consider moving into this small house in the future.

Asking price is $20,000

Taxes are estimated to be less than $800 a year.

Stove, Fridge, Washer and Dryer Included

Car port with small storage unit

Newer windows

A/C is a window unit

Roof Age currently unknown

It has a large back yard and is located in the quieter part of a small college city.

10,000 permanent residents and 9,000 students roughly estimated

Here is what I am thinking in terms of buying this place.

Buy it for cash and then rent it for $400 to 1 of the following types of tenants

A retired person or couple.

A graduate student at the university who wants to be away from the party scene.

Lease option it to a recent graduate.

If I move into the house in the future I would like to add more rooms since it has such a large backyard.

Thanks in advance for any thoughts or advice.