Denver Deal Review: 3/1 Condo in Lakewood

We helped another client buy a long term rental in Denver!

Executive Summary

  • Closed on 9/27/17
  • Originally listed at $195,000 (overpriced)
  • Purchased f0r $165,000
  • 14% cash-on-cash | 8.3 cap rate with 8% property management fee
  • Or 18% cash-on-cash | 9.3 cap rate for self managing.
  • $1700/mo rent

Full Details

Charles and I discuss this case study in depth on a webinar. Watch the video below for a full discussion. The video starts at the correct spot for discussing this deal. There’s no need to skip around!

 

 

 

Looking to Build Wealth with Real Estate?

If you are, then let’s grab a cup of coffee and explore options. Good deals are out there!

 

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Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
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