Buy and Hold Townhome in Far West End

[Josh Simpson]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $190,000
Cash invested: $60,000

Townhome bought off MLS. Professionally pained, cleaned, and rear landscaping done. PITI + HOA = $962. Rent = $1,500.

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

Was searching for homes (single family and townhomes) under 200k. Hit our basic numbers for cashflow and cash on cash return.

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

MLS. I am a realtor. Ran comps and made a fair as-is offer.

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Professionally landscaped back yard, paint, and cleaning.

What was the outcome?

Hoping for tenant to move in asap.