Charlottesville Townhouse rental

[Jeremy Lai]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $209,000
Cash invested: $42,000

Nice three level townhouse that was purchased as a owner occupant, then turned into a rental when we moved out. Over the time that we owned it, we painted the entire interior, put new carpet on the bottom floor, replaced the entire kitchen, new electrical panel, put in new light fixtures in bedrooms and kitchen and glazed the tubs white. Currently rented for $1650 per month.