Quick Rehab, 45% Cap Rate, $40k needed

[Christian Beebe]

Columbus OH property we are looking to grab quickly, rehab within a month, rent out (which is less than two weeks in this region) and then sell to investor or other.

Purchase:18k

Labor Repairs: 7k

Materials: 5k

ARV: 86K
Rent: $1400
Taxes: $77.42
Insurance: $75
Vacany(7%): $98
Repairs(5%): $70
Property Man(10%): $140

$939.58 Net Passive Monthly Income

$11,274.96 Yearly Income

45% cap rate

So just looking for a quick close within 10 days, needing $40k at most, more likely $30k.  

Thank you,

Christian

Villefranche Properties, Inc