Purchase Year: 2019 – 2 years
Purchase Price: $575,000
Current Desk Top Valuation: $1,000,000
A local couple came to us with $1.3million to invest in property. We recommended they seek advice about splitting their money and instead, purchasing two properties, as we believed that their properties would work harder in that scenario.
The first property we purchased was this property in Mayfield. Through our relationship with the agent, we were able to purchase before it went to the market.
It has been an excellent rental and has seen significant growth.
Disclaimer: For the current valuation, we used Corelogic Intellival Automated Valuation estimated price.