SFH 2 Bed, 1 Bath Buy-Hold Investment

[Ron Rohrssen]

Investment Info:

Single-family residence buy & hold investment in Cedar Rapids.

Purchase price: $82,999
Cash invested: $9,300

2-bedroom, 1 bath that backs up to a park and is 1 block from one of the areas major employers.
Extra-sized heated garage and fully fenced back yard.

What made you interested in investing in this type of deal?

It's a well kept home in a great location for Class B rentals. A local CU was offering a 10-YR ARM mortgage with 10% down that really made the numbers work.

How did you find this deal and how did you negotiate it?

This lead came directly from a realtor I have a relationship with.

How did you finance this deal?

10% down, 10-yr ARM amortized over 30.