Updated almost 9 years ago on .
18k Another Turn-key BRRR Property
Johnson Street
South Bend, IN 46628
Another BRRR opportunity
Buy - 16500
Rehab - $1500
Rent - Currently with Tenant of 2+ years
Refinance- Complete return on investment
Repeat!
Tenant of 2 plus years that is happy to stay. Mid 30’s high school teacher. House is 2 bedrooms, 1 bath, full unfinished basement, enclosed front porch, newer mechanical's (furnace/water heater). Has been re-plumbed recently with Pex plumbing. Nice privacy fenced in back yard. One stall detached garage.
Rent - $500 (market rent $550) - $6000/year
Management - $840
Taxes - $800
Insurance - $600
Maintenance - $500
Work needed - Roof and soffit repair exterior, plaster repair interior - $1500
$18,000 all in
$3,260 NOI
18.11% ROI
Offering