Most lower priced condo projects are not very healthy and why they are low priced.

Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent?

Purchase price: $295,000 Cash invested: $50,000 Single fam home, desirable neighborhood.

I feel as though my home is priced too high, however, my property manager insists the price is competitive.  

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I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

Then they 'circled back' and are now saying they may be able to use the appraisal but need the appraiser to give them a price on what the house will go for once the reno is done.

Prices vary a lot from firm to firm, and you can never compare it apples-to-apples.

My thoughts are current housing supply + high rates + high home prices in OR are restricting our options and liquidating the brokerage to pay off the townhouse = $400k asset + $2,400 cash flow that we could then use to leverage or save into buying another property outright or scale into 4 plex and use the rent to pay down that mortgage too.