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Updated over 5 years ago,

User Stats

7
Posts
1
Votes
Kolby Wright
  • Broken Bow, OK
1
Votes |
7
Posts

Rental Property Analsysis help, first purchase

Kolby Wright
  • Broken Bow, OK
Posted

I am looking to buy my first rental property and would appreciate any advice or opinions on this potential deal. The house sits on 1 acre and is a 3 bed/1 bath in a quiet and safe neighborhood just outside my hometown. Owner said it stays rented and that he got $450/month. The interior looks a bit outdated so I’d like to do a few minor cosmetic repairs. Flooring, bathroom, paint, etc. I figure after a face lift I could potentially rent for $500-550. I’ll leave some pictures below and would love to hear what you guys think. Any questions, feel free to ask! Thanks

Asking price: $30,000

Past Rent: $450

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