Buy and hold - Straight forword deal with Pics and numbers

[Amine E.]

Acquisition numbers: (Cash Purchase from Wholeseller)

Purchase Price 31K

Rehab Costs 23K

Total cost 54K

Equity position

AVR 73K

Equity +19K

Refinance Terms (I m pulling all my money out)

54K loan, 15 yrs, 5.5%

PITI $520

Rent $850

Cash Flow after PITI $330

I self Manager.

Assuming low maintenance costs over the first 3-5 years since this was a complete remodel.

Let me know what you think. Thank you BP