SIngle-Family Rental Deal in Meridian, ID

[Anna Strausbaugh]

Investment Info:

Single-family residence buy & hold investment in Meridian.

Purchase price: $327,000
Cash invested: $80,000

4 bed/2.5 bath renting for $2450/mo

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

Found a great price on a nearly new 4 bed/2.5 bath house with upgraded finishes throughout.

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

It was listed on the MLS. I negotiated it myself, offered above asking price.

How did you finance this deal?

Conventional 30 year with 25% down for a much better rate.

How did you add value to the deal?

We offer flexible leasing terms for people coming into the area who are building homes or looking at buying a new home and don't know how long it will take.

What was the outcome?

Great cash flow, new home that takes very little to manage so we can easily self-manage it.

Lessons learned? Challenges?

Had appraisal issues, but negotiated the sellers down to meet (almost) in the middle.