Beaver Falls Rental Property

[Heidi Davis]

Investment Info:

Single-family residence buy & hold investment in Beaver Falls.

Purchase price: $22,000
Cash invested: $20,000

My Dad and I bought our first deal in Beaver Falls, PA. We paid $22,000 cash for the house and hoping that after a few months and about $10-15,000 in repairs we will be able to collect about $800/month for rent.

How did you finance this deal?

Cash

How did you add value to the deal?

mild cosmetic finishes (paint, carpet), updated electrical and replaced roof

What was the outcome?

The property is currently listed for rent for $750/month

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes. The electrician and painter did a great job. I can send along any information for those that are in the Beaver Falls area.