Updated about 3 years ago on .

Buy and Hold Long Term Rental (BRRRR)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $100,000
Cash invested: $20,000
This is a 3bd/2ba single family home (1,426 sqft). This was purchased in January 2010, located in California. The current market value of the home is $428,400. The property has recently been cash-out refinanced to access equity and scale. The current annual PITI is $22,288 and annual rent is $19,200 ($1,600 a month).