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Updated over 10 years ago on . Most recent reply

Robert Peacock's profile image
Robert Peacock's profile image
Robert Peacock
  • Flipper/Rehabber
  • from St Simons Island, GA
  • Member since Aug 3, 2014
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Robert Peacock's profile image
Robert Peacock's profile image
Robert Peacock
  • Flipper/Rehabber
  • from St Simons Island, GA
  • Member since Aug 3, 2014
Connect
Robert Peacock
  • Flipper/Rehabber
  • St Simons Island, GA
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Real Estate Deal Analysis & Advice

Rental House purchase good or not?

Robert Peacock
  • Flipper/Rehabber
  • St Simons Island, GA
Posted

I'm looking at a 3 bedroom 3 bath 2000 sqft home in a rural area.  I can pick it up for 28,000 and brings in $525/month.  The current tenants have only been there 2 months.  It needs nothing done.  Central hvac, good roof and flooring.  Taxes $500/yr and insurance $600.

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