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Updated almost 5 years ago on . Most recent reply

Mark Greathouse's profile image
Mark Greathouse's profile image
Mark Greathouse
  • Investor
  • from Bay Village, OH
  • Member since Dec 4, 2019
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Mark Greathouse's profile image
Mark Greathouse's profile image
Mark Greathouse
  • Investor
  • from Bay Village, OH
  • Member since Dec 4, 2019
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Mark Greathouse
  • Investor
  • Bay Village, OH
8
Votes |
13
Posts
Real Estate Deal Analysis & Advice

#1 Rental Property in Akron, OH

Mark Greathouse
  • Investor
  • Bay Village, OH
Posted

Closed on the first of hopefully many rental properties today! It is titled as a 3 bed, 1 bath but needs an egress in the basement to be legal. Planning on $10k reno (making it a 3-2) for an all in of $39k. Rent in the area is between $850 and $900 for a total CF of about $400 and 15% cash on cash ROI. Comps in the area are between $60k and $90k for renovated 3-2's. Thank you Bigger Pockets for giving me the knowledge and drive to start my real estate investing!

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Greg Rulfs's profile image
Greg Rulfs's profile image
Greg Rulfs
  • from Los Angeles, CA
  • Member since Nov 26, 2013
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Greg Rulfs's profile image
Greg Rulfs's profile image
Greg Rulfs
  • from Los Angeles, CA
  • Member since Nov 26, 2013
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Greg Rulfs
  • Los Angeles, CA
18
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66
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Greg Rulfs
  • Los Angeles, CA
Replied

@Mark Greathouse congrats on your first deal! Best of luck on the rehab and rental.

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