Buy and Hold - Rent to Section 8 for CashFlow Strategy

[Craig Barrett]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $199,000
Cash invested: $42,000

Also rented to a Section 8 Tenant for 1560 (priced under market). The County pays ~1300 and the tenant pays ~$260. This property has always been occupied with the exception of the 3 weeks of vacancy between tenants.

What was the outcome?

Property is Valued at ~266k and the current outstanding mortgage is $144k.