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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesPlease help me decide what to do with this property!
Araceli Corral's profile image
Araceli Corral's profile image
Araceli Corral
  • Residential Real Estate Broker
  • from Chicago, Illinois
  • Member since Nov 22, 2016
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Araceli Corral's profile image
Araceli Corral's profile image
Araceli Corral
  • Residential Real Estate Broker
  • from Chicago, Illinois
  • Member since Nov 22, 2016
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Araceli Corral
  • Residential Real Estate Broker
  • Chicago, IL
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General Landlording & Rental Properties

Please help me decide what to do with this property!

Araceli Corral
  • Residential Real Estate Broker
  • Chicago, IL
Posted Sep 18 2020, 13:51

Please help me to analyse this property.

Purchase price $101.000

Rehab              $70,000

ARV $230,000

Estimated profit $45,000

If I hold it,

Mortgage $165,000

Estimated monthly rent $1750

Refinance it for 30yrs. PITI $1325

Cash flow                      $425 monthly

Please advise me,

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