This house was built in the early 1960's. I am sure that when it was designed, its modern style was meant to stand the test of time. Unfortunately, it did not age well. Bought properly, this would make a great rental property. The concrete front yard is easily maintained and that is a plus. But the in-ground pool is a liability when it comes to rental property. Also, it lacks curb appeal. This house stands out in its neighborhood as being the "oddball". Even if you could update the facade, you would still be left with that unusual slanted roof that results in a slanted ceiling on in the den. The asking price was $62,000 which is not bad for a 3/2 in this area in average condition. Had it had a more traditional facade the asking price would be at least $10,000 more. If you entered the transaction with the intent to put a tenant in there, it would rent for $675 or maybe a little more because of the pool. My recommendation would be to fill in the pool. But lets pretend it did not have the pool. Buying the house for $50,000 with 10% down would result in a note of about $450 per month PITI. You would profit about $225 per month. The interior of this house was not bad and the location was pretty good. I just don't buy ugly houses.
