Soon to be Rental Property

[Jm McNabb]

Investment Info:

Single-family residence buy & hold investment in Dover.

Purchase price: $177,000

Currently live on property and plan to rent out this fall for a potential $450 cashflow and 15% CoC ROI.

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

Military audience and strong rental market.

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

Basic MLS purchase. Bought from a flipper

How did you finance this deal?

Bank Lender

How did you add value to the deal?

Cosmetic/painting kitchen and bathroom cabinets. Replaced all appliances with stainless steel. Replaced living spaces and bedroom floors with carpet. Stained 3 newly built decks. Rebuilt storage shed in backyard and added fresh paint. Minor landscaping improvements.