{
  "id": 11161457,
  "title": "An investor turned a century-old house into a rental that cash flows $2,500 a month. He shares how he financed it with 5% down.",
  "url": "https://urgent.news/2026/10/01/an-investor-turned-a-century-old-house-into-a-rental-that-cash-flows",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T09:25:01.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/real-estate-deal-analysis-rent-by-the-room-cash-flow-2026-9"
  },
  "original_language": "en",
  "account": "Seattle-based real estate investor Peter Keane-Rivera turned a century-old house into a rental property that generates about $2,500 in monthly cash flow. Keane-Rivera, a full-time engineer, bought a roughly 100-year-old, 3,900-square-foot house in Kent, Washington, for $630,000 in 2024. He then converted the five-bedroom home into a nine-bedroom rental.\n\nKeane-Rivera put down 5% of the purchase price, which amounted to about $32,000. He financed the remaining $598,000 through a conventional loan with an initial interest rate of 7.75%. After paying a 1% premium for a $10,000 closing credit, he refinanced after 12 months, securing a new rate of 5.375%.\n\nThe renovation costs amounted to roughly $150,000, which Keane-Rivera covered using a $50,000 loan from his 401(k). The property now has nine bedrooms, three additional bedrooms and bathrooms added to the unfinished basement, a converted dining room, and other improvements. The house now appraises for $875,000.\n\nPrior to refinancing, the property's cash flow was inconsistent, with some months resulting in losses or barely breaking even. However, after refinancing and the renovations, the property generates about $8,876 in monthly rent. After accounting for expenses such as mortgage payments, utilities, property taxes, and insurance, Keane-Rivera estimates that the property yields around $2,500 in monthly cash flow.",
  "summary": "Real estate investor Peter Keane-Rivera talks about the deal that allowed him to buy a 100-year-old, 3,900-square-foot house in Kent, Washington.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}