Property Q&A in 24012>Question Details

Mark Scialab…,  in Roanoke County, VA

Would this property be a good investment for monthly cash flow and appreciation over time?

Asked by Mark Scialabba, Roanoke County, VA Sat Jan 31, 2009

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This question is about this property: http://www.trulia.com/property/43397598-Multi-Family-Home-Ro…

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It would depend on how you finance the property, if you plan to finance/
Cash flow is determined by income produced by the tenants rents, compared to debt service, expenses paid by owner (taxes, maintenance, etc). It could very well be an income producing property, but there are a lot of variables that need to be looked into.
0 votes Thank Flag Link Mon Feb 2, 2009
Mark, You should contact a local PRO to assist you as they always point out the advantage they have in their market areas. Now remember the local market is what it's all about so be sure to get someone from the Roanoke market area to assist you in determining if this property is a good investment. Maybe a local buyers agent could help you....

Here's a good link where you can learn about how to choose a good agent...http://www.trulia.com/blog/david_chamberlain/2008/12/how_to_…

Good luck and I hope someone familiar with the roanoke market area will assist you, if not then I suggest you contact a good local agent....Dunes
0 votes Thank Flag Link Sat Jan 31, 2009
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