Second primary residence

[Patterson Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $305,000
Cash invested: $45,000

An Air Force assignment took us to Delaware, where quick research showed that buying provided a much greater bang for the buck in terms of house quality. We found a wonderful home and a motivated seller who'd been trying to sell the home for nearly six months! Because the rental market is still sparse, when we move, I expect to rent this home for approx. $1K cash flow/month before expenses.