My First Investment Property!

[James Smith]

Investment Info:

Single-family residence buy & hold investment in Tallahassee.

Purchase price: $169,000
Cash invested: $42,475

This property was my first investment deal. It was a base hit! It sat vacant for a while because I listed it in February, and might have over priced it. It's rented for $1500 and the PITI is $787. The tenant is reliable, but a little high maintenance. Good problems to have!

This property is in Tallahassee, and we've seen appreciation! Different websites estimate between 5% and 10% appreciation in a year! Fired up!