Vacant houses = Great rental deals
There are many, many vacant houses in Yellowstone county. Every now and then, you can find a killer rental deal for just a fraction of what you would pay to own. Here's one:
It's a 3500 square foot house, 5 bedroom, 3 bath, 2 car garage, theater room. Subdivision is Copper Ridge, off Rimrock west of 62nd.
The owner purchased it in 2006, then listed it for sale just a few months later. This house has been on and off the market ever since, asking anywhere from $359,900 to the current $399,000.
It has also been for rent, asking $2800/month. But high-end rentals can be a tough sell. So the asking rent per month has been reduced drastically to $1000. Here's the explanation given:
This is a short term rental-approx. 4 months. Normally rents for $2800 per month, but reduced due to short term status and need for yard to be cared for.
So you can buy this house for $400K (approximate PITI is $2750) or rent it for $1000/month.
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