Real Estate Agent · Charlotte, NC · Member since 2019 · 111 posts · 58 votes
• 1026 East Ave, Elyria, OH 44035
• 4 bedroom 1 bathroom
• The after repair value is $150k - $160k
• Price is $75,000 (50% of ARV!)
• Rehab is $35,000 - Quote in place and rehab crew ready
• Our private lender will finance the purchase and rehab of property (Bridge loan)
• If qualified, buyer could only need to bring $15k to closing to finance purchase and rehab
• At refinance time, buyer should get most if not all of down payment money back - BRRRR
• Rents per Rentometer could be $1400/M
• This property exceeds the 1% rent to price metric. It meets the 75% of ARV minus rehab cost metric. It is in a good rental area, has a strong team behind it and allows you to achieve a BRRRR deal.
