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HomeForumsReal Estate Deal Analysis & AdviceLease Option Amid COVID
Dillon Dale's profile image
Dillon Dale's profile image
Dillon Dale
  • Real Estate Agent
  • from Owatonna, MN
  • Member since Nov 20, 2017
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Dillon Dale's profile image
Dillon Dale's profile image
Dillon Dale
  • Real Estate Agent
  • from Owatonna, MN
  • Member since Nov 20, 2017
Connect
Dillon Dale
  • Real Estate Agent
  • Owatonna, MN
152
Votes |
217
Posts
Real Estate Deal Analysis & Advice

Lease Option Amid COVID

Dillon Dale
  • Real Estate Agent
  • Owatonna, MN
Posted Mar 28 2020, 13:47

Picked up a lease option deal amid COVID. Our rent is $1450 with 5k down on a 3 year term with the option to buy at $215k. Anticipated rent is $1800 with an anticipated cash on cash return of 28%. Will update during leasing. Looking to fill the unit as quick as possible, then on the turn looking to do a sandwich lease option

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