Updated about 3 years ago on .

Buy and Hold Long Term Rental (BRRRR)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $85,000
Cash invested: $17,000
This is a 4bd/2ba single family home (1,518 sqft). This was purchased in August 2011, located in California. The current market value of the home is $421,100. The property has recently been cash-out refinanced to access equity and scale. The current annual PITI is $20,303 and annual rent is $20,317 ($2,485 a month).