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Updated over 4 years ago on . Most recent reply

Ulisses B.'s profile image
Ulisses B.'s profile image
Ulisses B.
  • Member since Nov 17, 2020
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Ulisses B.'s profile image
Ulisses B.'s profile image
Ulisses B.
  • Member since Nov 17, 2020
Connect
Ulisses B.
11
Votes |
11
Posts
Real Estate Deal Analysis & Advice

1st Investment Property - Mississippi

Ulisses B.
Posted

Investment Info:

Single-family residence buy & hold investment in Hattiesburg.

Purchase price: $75,000
Cash invested: $14,000
Sale price: $80,000

First rental property ever. Ended up putting up 587 feet of fence to appeal to pet owners. Updated bathroom floor and a few kitchen updates. 3bedroom / 1 bath. Made the mistake of paying for the water which ended up eating into my profits. Mortgage: $569 a month. Rent: $1,025 a month. Average water bill: $90

Cash Flow: $366

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