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Updated almost 8 years ago,
Current have signed contract, but rent is much lower
I decided to go with turn-key property in Independence, MO. I had a clause in PA stating contingency on signing a renter for $995/mo. The property management went with a renter, but for $950. I am not happy about the lower rent, but would you still consider this a good deal? Here are details:
Purchase Price: $92,000 (appraised $95,000)
Built: 1910
Insurance + Mortgage = $507
Management = $95 (10%)
-The House will come with new kitchen, hvac, plumbing, new fridge
-The house will not have washer/dryer however.