Newest rental and cashflow
I just finished renovating a new property I just purchased. Here are the numbers and pictures below. Even with the higher interest I'm still able to get deals and make them work! Don't get discouraged just keep turning over every rock.
Townhouse
Purchase price: $119,900 (hard money)
new loan amount: $123k
renovation: $18,000 (my own money)
appraised at: $175k
Rent: $1550/month
PITI: $1075
let me know what you think of the numbers. Would you have done this deal?
