2-3 bed, 1 bath, South Dakota, Multiple exit strategies

[Kyle Scofield]

Young investor looking for 2nd deal!!

I am a college student that just secured my first college house hack deal about a month ago. Another amazing deal in my town popped up that I wanted to offer to BiggerPockets to see if there was a private investor or partner that would want to go in on this with me. 

Some details: 

*Great location - across the street from a park, to the south of a college and to the north of a hospital

*Sits on two lots - large detached garage - decent sized shed also - small crick river runs near back yard

*2 bed, 1 bath (possible 3rd bedroom)

*House could use a small rehab 5k upgrade would do the trick (not required)

*Brand new Furnace - New water heater - New Roof/Shingles

*Comes with washer, dryer & Fridge 

Cash needed @ 20% with $1,500 in closing costs = $8,100

I've prepared a report for this possible rental using the BiggerPockets calculator for all to read.

https://www.biggerpockets.com/buy_and_hold_results...

CASH ON CASH RETURN = 12.03%

C ON C ROI WITH 50% RULE = 26.05% !!

This is just using the numbers of $600 per month for rents too. Rents for a 3 bedroom would would drastically improve these returns (roughly $800/month depending on quality of interior)!! Good returns with LOW risk! Win-win-win.

I encourage a vetting process so if you're not willing to get to know each other a little bit then this probably won't work out. 

Any questions about myself or the deal, PLEASE message on the site! Look forward to hearing back from you guys!

Sincerely,

Kyle Scofield