TODAY’S DEAL= INVEST! Make your money work for you
TODAY’S DEAL= INVEST! Buy Real Estate! If you take the current market value for rent according to my go to RENT O METER,(https://www.rentometer.
com/results/651c1RQc1m0) we can fetch $4396/gross or $3049/net. $36,588 yearly net, divided by the $400,000 this place would really cost with repairs to bring it up to the luster one would expect to pay the higher rent, and you get a 9.4% cap rate!
Not bad when you consider you have a 30 year fixed payment, and 25% down which is your real cost of out of pocket.
Could your 25% or $100,000 do more for you in savings?