Sometimes when searching for investment properties for my clients, it is easy to get caught up in bigger projects, more units, and cash deals. Don’t get me wrong, there are great deals to be had here in the student investment rental market here in Fort Collins if you have the resources to invest in those types of deals, but not everyone is in a position to put $100k down on multi unit properties.
Sometimes it’s hard to hit cashflow targets when the price is low, because usually the rent is low or you have HOA fees eating into any potential profits. But sometimes you come across a property like the one here that is priced well within the reach of a first time investor ($134,900), and hits all of the cashflow targets we want in properties that are priced higher.
This property is an end unit townhome with 3 bedrooms and 2.5 baths, close to bus lines, the Colorado State University Campus, grocery stores, Horsetooth Reservoir, and the foothills. Because of it’s large size, the rent would be at a premium for a townhome unit, and a relatively low HOA fees keep more of the monthly profits for you.
Check out the link below for a more detailed projected analysis, and please feel free to give me a call with any questions you may have about this property or investment real estate in Fort Collins in general.