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Updated over 12 years ago,
Hypothetical Situation: Would you buy this Property?
Here's very simple hypothetical situation. Would you purchase this home if you were investor looking to hold for 10+ years.
Home Price: 230k
Downpayment: 60k
Loan rate: 4.4%
Improvements/Repairs: 10k
Annual Taxes/Insurance: 15k
Closing Costs: 15k
Monthly Payment/Expenses: $1500
Let's assume it's easy to find tenants and it commands a rent of 2500$ per month.