Buy and Hold Opportunity
This is a 3 bed, 1 bath, brick construction currently rented.
Current Rent: $650/month
Tenant has agreed to increase the rent to $800 post-closing. She has lived in the property for over 10 years, providing stability, and is likely to remain long-term. This makes the property an attractive investment with consistent cash flow.
Property Details:
- Acquisition Date: August 9, 2024
- Acquisition Price: $55,000
- Capital Expenditures (CapEx): minimal, currently rented
- Comparables: up to $125,000
- Renewed Rent: $800 per month
The strategy is simple; for now. Purchase the property cash, perform some much-needed gutter work, and keep the tenant happy. Since the tenant wishes to stay long-term, renovations can be deferred until she chooses to leave.
Investors will see this strategy repeated in future acquisitions.
Rented single-family properties are often less desirable on the resale market, as most buyers seek homes for personal use. These for-investors-only properties typically sell at a discount, often accompanied by deferred maintenance and below-market rents.
The MTMA Team’s long-term investment approach turns these challenges into opportunities.
Over a five-year holding period, our partner property management team will proactively address maintenance issues and raise rents strategically.
While a few rented properties may not attract much interest, a portfolio of several hundred well-maintained properties with market-level rents will become highly appealing to institutional investors and conventional lenders.