I'm looking for a private money lender or partner to purchase this home. Owner is motivate to sell due to daughter requiring stem cell procedure.
The home is in great condition, requires updates of the baths and new paint. Basement is unfinished. All mechanical systems in good condition.
I have performed a BRRRR analysis, Rental analysis, and recent comps for review.
Monthly Income: $850.00 Monthly Expenses: $119 / $277 Monthly Cash Flow: $731 / $573
Pro Forma Cap Rate:14.62%
NOI: $8,774.00 Total Cash Needed: $30,500.00 Cash on Cash ROI: 28.8% / 57.3% Purchase Cap Rate: 43.87%