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Ken Douglas
  • New York City, NY
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2 Family with 53.12% ROI!

Ken Douglas
  • New York City, NY
Posted Feb 20 2016, 04:13

Great Investment for rental income or rehab to flip. Look at the numbers!

After Renovation Value: $69,000

Profit: 20% - 30% ($13,800 - $20,700)

Misc Cost: 10% ($6900)

Renovation Cost: $30,000

Max offer an investor can make on this property and still walk away with a profit is $18,300. This investment is being offered at $11,400 and the return after renovation is $20,700.

The property is in need of a gut renovation job. If you are looking to receive cash flow every single month then this property is worth your while, $1700.00 per month in rental income. There is 2 public schools located within a 1 block radius from this home, you also know what that mean! 

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