Homestead turned investment property #2

[Caleb Roberson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000
Cash invested: $5,000

Wife purchased it prior to us getting married, we lived in it for 2+ years, then rented it out and are currently managing the property ourselves. Originally rented it out for $1650/mo last year, but recently renewed the lease for $1815/month and refinanced it down to $1200/month, netting us $615/mo.