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Updated about 10 years ago on . Most recent reply
SFH for rental analysis
4br 2.5 bath. 1860 sf built in 1994 listed at 284k
needs roof and new siding(hardie plank) most likely
listed on zillow at 300k and i know zillow can vary form rgion to region but where I live, the zillow price is pretty damn accurate fom what ive seen.
Im looking to buy cash, what offer should I put in? I dont want to go too low, then they won't respond. I want something close enough to where we can meet in the middle and I can buy for like maybe 250k or lower.
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
Kevin I lived in Oklahoma City for 11 years and have 15 rentals there. What part of the city is the house in. That can make a big difference. My own personal residence is valued at $305,000 and rents for $1995 a month. However it's the worst performing house I own. You can buy houses very cheaply in OKC and I would look at something much cheaper there that would give you a much better cash flow. You could buy two houses for that price in a decent neighborhood and probably get $2600 in rent. By the time you put a new roof on you will have spent a lot of money.
I don't usually buy houses in that price range but I bought a triplex in April for $30,000 put $23,000 into it and get $1220 in rent a month.
Just my 2 cents.
Sara