Seller didn't have to list and have the property sit on the market for 60-90 or more days having to pay a mortgage plus rent every month. 3bed/2bath SFR/renovated in 2016/great condition/stainless steel appliances/2 car garage/6k sqf yardPurchase price: $130.5kDown: $5kClosing and repairs: $10k(total out of pocket $15k, took over $125.5k loan with 4.5% rate)PITI: $1347/month(No other expense as we're the bank)Dispo: sell on owner financing with CFD (deed stays with us until paid in full)Sell price: $161k (Owner financed at 7.9% on a 30yr amortized loan)Down Payment: $20k (12%)PITI: ~$1700/month(Buyer responsible for all expenses and benefits of homeownership)ROI:selling expenses: $9k (agent commission, MLS, legal)All out of pocket: $4k (20k from buyer - 15k buying costs - 9k selling costs = 4k left in the deal)Cash flow: ~$350/m ($1700 from buyer - $1347 PITI = 353/m profit)CoC: 105% ($4.2k annual net / 4k cash in the deal = 105%) What made you interested in investing in this type of deal?

@Johnson Yu  With the average home price in Canada trending north of $600k, there are many compelling reasons for exploring the USA (or other countries) for investing.

@Inno Ekeh Just a heads up, many water utility companies in Sacramento have started, or are trending towards, billing by usage.

In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year.

Assuredly, appreciation is not a guarantee, but the current market trends indicate this pattern continuing.  

If none of this sounds appealing then you also  could look in Brooklyn, where rates are going to follow the trends on long island.

If you have a realtor or contractor on board whom you trust, I highly recommend asking for their advice about market trends, and trusting their advice when determining the items on your list of renovations!

It sounds like you’ve done your research on evaluating the value of your property but if you’d like, I’d be happy to chat with you to discuss the current trends of the local market here in Sarasota and provide you with a price evaluation.  

I'm shooting #9 tungsten under #2 steel in the wad out of a 3" Cheddite hull.

I know lots are doing it to get in edge in/be more attractive to sellers in 'hot' markets (thats why I did it anyways) but I am hoping this isnt a trend that continues.