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Updated about 8 years ago on . Most recent reply

Account Closed
  • Tustin, CA
4
Votes |
15
Posts

Current have signed contract, but rent is much lower

Account Closed
  • Tustin, CA
Posted

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.

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