Long-term rental in Springdale

[Jennifer Schelkopf]

Investment Info:

Single-family residence buy & hold investment in Springdale.

Purchase price: $205,000
Cash invested: $56,110

3 bed, 2 ba all-brick home. Located in an established working neighborhood with great access to a park and school, and near a quaint commercial district. Home was built in 1978 but was in excellent structural shape. Remodeling to current aesthetic standards, but no major changes.

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

Found on MLS, purchased for $15K under list price

How did you finance this deal?

Conventional with 25% down

How did you add value to the deal?

Remodeling to bring to current aesthetic standards

What was the outcome?

Remodel in progress

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Charles Rullmann was our realtor - super fast and responsive, experienced with home repairs and remodels. Highly recommended.