Premium Essay

Buy V Rent

In: Business and Management

Submitted By kwokwong
Words 501
Pages 3
BUY vs. RENT

INTRODUCTION:

We are pleased to submit the accompanying analysis of two properties in the desirable Cottonwood Valley subdivision area. The purpose of this report is to develop an opinion of the market value for the potential purchase of property one and the benefits of renting potential property two. The opinions of value expressed in this report are based on estimates and forecasts that are prospective in nature and the data obtained from third party sources.

PURCHASE PROPERTY ONE - 1809 Crockett Circle:

The subject purchase property is in an upscale, gated community located in the Cottonwood Valley subdivision. The square footage of this house is 2,535 sq. ft. and features three bedrooms, two full baths and one half bath. This home was recently renovated with exotic birch hardwood floors and paint. The listed price for this property is $299,000.

Property Analysis:

Square Footage: | 2,535 | Year Built: | 1984 | Bedrooms: | 3 | Style of House: | Contemporary | Full Baths: | 2 | Acres: | 0.189 | Half Baths: | 1 | Garage Space | 2 | Living Room: | 17x21 | Construction: | Brick | Dining Room: | 13x12 | Foundation: | Slab | Breakfast Room: | 7x10 | Roof: | Metal | Kitchen: | 14x13 | Cooling: | Central Air-Elec | Master Bedroom: | 20x15 | Heating: | Central Heat-Gas | Bedroom: | 15x12 | HOA Dues: | $1,500 Annual | Bedroom: | 12x12 | Features: | Gated Entrance | Library/Study: | 12x11 | | |

RENTAL PROPERTY TWO - 809 W NORTHGATE DRIVE:

The subject rental property is a completely renovated 2,444 sq. ft. home located in the Hill Estate subdivision. The renovations include hardwood floors, granite counter tops, new appliances and fixtures and a new roof. This home features four bedrooms and three full baths. The listed rent price for this property is $2,100 a month.

Property Analysis:

Square Footage:...

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