First Investment Property in Port St John, FL (2016)

[Matt Leber]

Investment Info:

Single-family residence buy & hold investment in Cocoa.

Purchase price: $110,000
Cash invested: $22,000

My wife and I's first buy and hold rental property bought in mid 2016. We purchased the property with tenants in place and they have been great. We have not increased the rent since 2016, because we have decided that our great tenants are valuable to keep in place during our growth phase. We estimate that we can rent the property for an additional $200-300/mo with minor upgrades whenever our tenants move.