successfully rented out my investment house

We bought it last December with cash of $108,000. We fixed some problems and added a new bath with total cost of $13,000. It was rented out two weeks ago with rent $1300/m and lease starting from Jan 23. The tax is $3000/y and insurance $600/y.

It seems that we can get $12,000 income per year with $121,000 cash. I won't worry vacancy very much since I got a lot of phone calls even in the hardest month of January! It might not be very good comparing to a lot of great investments here. But I am still very glad since it is the best investment house I'v ever had up to now.

Cheers! Wish friends here to get better and better!

 

所有跟帖： 

• 恭喜， 相当不错。 -HenryLi- ♂ (125 bytes) () 01/30/2012 postreply 12:23:31

• You might be right -GreatDay- ♀ (186 bytes) () 01/30/2012 postreply 12:36:17

• 没错， 那个时候房子比较好租。 -HenryLi- ♂ (159 bytes) () 01/30/2012 postreply 12:48:07