Millcreek Investment Properties
1368 E MERRITT CIR Salt Lake City, UT 84117 8 beds, 4 baths, $399,000
Style: Duplex
- 8 Bedrooms
- 4 Total Baths
- 4 Full Baths
- 1978 Year Built
- 3276 Sq Feet
- 0.21 Lot Size
- 6 Parking
- 1919 Taxes
- Forced Air Heat, Gas Central
Ever thought about investing in real estate. . . most people make the same statement, "I do not want to deal with renters... but that is what property managers are for. Did you realize this is one investment that keeps up with inflation.
2060 E EVERGREEN Salt Lake City, UT 841093 beds, 3 baths, $600,000
Style: Duplex
3Bedrooms
- 3 Total Bathrooms
- 3 Full baths
- 1940 Year Built
- 4714 Sq Feet
- 0.46 Lot Size
- 4 Parking
- 2500 Taxes
- Gas Central Heat
You will need approx. 20% downpayment to purchase an investment property plus some money for closing costs. When analyzing an income property you will want to look at the rents collected plus what tax savings this property will allow for you. You need to take into consideration managing fees, and maintenance throughout the year . Also consider if your mortgage payment is going to include taxes and insurance as well as if your renters are going to pay for water and utilities or if some of these will be covered in the rents.
538 E STRINGHAM AVE Salt Lake City, Utah 84106 $279,900 4 bds, 2bath, 1860 sq ft
Look closely at your investment before you purchase your property. You may have a break even point when you begin if you put the minimum down. I would stay away from a negative cash flow, analyze critically. As your rents rise, you will start to see cash flow - this may take a year or two depending on the rents in your area. This is why you want to figure the tax deductions in your tax brackett. Maintane your properties and you will have better renters as well as less problems with your properties. Call me for more information on your real estate investments.
For more real estate investments in the area click Millcreek Investment Properties.
Thinking of selling click Awesome Home Evaluation. . .
Sandy Straley, Broker
Rindlesbach Homes
801-808-8110
www.saltlakecityvalleynewhome.com
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