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Updated over 3 years ago,
Two rented homes for sale in Tulsa, what's the price point?
So here's the notes on this one, just trying to determine proper pricing: Two single family homes, one rented for $800/ month and one for $850/month. One very refurbished in last 12-24 months, one pretty rough still, but long term (14 year) renters. Zillow has them at $70K and $89K respectively. Do I price them at a 10% cap rate or Zillow or something else?
Also, willing to carry back a note with 15-20% down for the right investor. Seems like a dream come true for someone in the area.
Thanks,
Mark