Investment Info:
Townhouse buy & hold investment in San Antonio.
Purchase price: $174,000
Cash invested: $35,000
Townhouse in community that has Low Rental rates, behind market, purchased and did a couple of simple upgrades to create higher value adds and rented for $250/month more than anyone had rented the same unit
How did you finance this deal?
Conventional Financing, 20% down
How did you add value to the deal?
Interior Lighting Upgrades, Interior Paint, Added Washer and Dryer and Refrigerator
What was the outcome?
Currently renting for $1500/ month, with ~$350 in cash on cash return after HOA & PITI are covered.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mhoment Realty LLC is my company, I am a Real Estate Agent so I handle the deal myself.
