All Forum Posts by: Emilia Marchetti

Living in the PNW finding profitable rental properties is a no go. But has anyone used Roofstock before? Seems a bit scary to invest so far from home. But some of the returns look decent. 

That makes sense. What is the best way in the PNW to get these types of immediate returns?  From what I can see, the housing market is so expensive it's hard to get rents to be significantly over the expenses and make a high positive cash flow. 

Am I just looking in the wrong places? Do you invest in less expensive areas/suburbs/small towns? Or use a different strategy? 

Good Point on the taxes. I will have to inquire more about taxes going up on new sale price. 

Maintenance 'should'  be minimal. As the house has been completely remodeled with new roof, hvac, electrical, paint, tankless w/h. So all major systems are new.

Good Point. Though I do believe this property is being offered below market value. A home with less SqFT and bedrooms across the street sold for 535$. And multiple houses within two block are selling in the 600-700k+ range. This neighborhood in the Portland market is very hot. And I believe Portland is set to go in the direction of Seattle or San Francisco. Though, it's true if we could be at the top and it could go down. But in that case, I would just hold, and rents should continue to cover the mortgage. I am estimating this would be an 8-10 year investment. 

Hello,

I have been offered an off market deal for a very nice SFH in the very hot Alberta district for $500k with 25% percent down at a 4.5% interest rate. It is rented out for $2800 a month with a 1 year lease. Not the numbers aren't quite ideal from what I have researched, they say to look for 8-12% cash on cash return, but the cash on cash return starts out around 4% but increases every year with rental increase on this property. What I am banking on is the high appreciation rate Portland has at 4.85% historically. Here is a chart I did in a calculator for the math:

Rental Property Calculator Results

Despite the low Cash on Cash return percentage. Does this still look like a good investment?  I believe it is harder to get a good cash on cash return in Portland just because it is so expensive here, but it also is a hot market. 

This would be my first purchase and am learning things on the fly, and don't really have anything to compare too, so I would like some second opinions.  :)