Investor · Kansas City, MO · Member since 2016 · 6 posts · 1 vote
Price: $52,000
Rehab: $34,200
Total Investment: $86,200
Unit 1: 4 Bedroom, 2 Bathroom
Rent: $750
Taxes: $50
Mang. Fee: $80
Insurance: $50
Vacancy: $48
Rehab Cost: $6,400
Rehab Detail Unit 1: Needs new carpet, paint, some drywall work, some tile work in kitchen. Could be completed within a week or two and could have renter in Unit 1 while completing rehab in Unit 2.
Unit 2: 3 Bedroom, 1 Bathroom
Rent: $650
Taxes: $50
Mang. Fee: $70
Insurance: $50
Vacancy: $42
Rehab Cost: $27,800
Rehab Detail Unit 2: Needs new carpet, tile work in kitchen and bathrooms, dry wall, complete Kitchen and bathroom. Some plumbing work as well.
Total:
Rent: $1,400
Rehab: $34,200
Mang. Fee: $150
Vacancy: $90
Insurance: $100
Taxes: $100
Net $960 x 12 = $11,520 / ($86,200) All In = 13.36% Yield