| « Tracking Your Rentals - The Importance of Monitoring Your Escrow Accounts | Buying Down Interest Rates For Your Buyers Instead of Discounting The Price » |
$48,333 per bedroom in Loveland
I want to share with you some information about a property in Loveland located at 1478 E 8th St. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
This 3/1.00 1,008 square foot property has an asking price of $145,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $174,000 (120%) | $58,000/bedroom |
| $166,750 (115%) | $55,583/bedroom |
| $159,500 (110%) | $53,167/bedroom |
| $152,250 (105%) | $50,750/bedroom |
| $145,000 Full Price | $48,333/bedroom |
| $137,750 (95%) | $45,917/bedroom |
| $130,500 (90%) | $43,500/bedroom |
| $123,250 (85%) | $41,083/bedroom |
| $116,000 (80%) | $38,667/bedroom |
As you can see from the table above, if you know that rents in Loveland can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!