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Updated almost 3 years ago on . Most recent reply

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7
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2
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Chris Cantu
  • Investor
  • Corpus Christi, TX
2
Votes |
7
Posts

Another rehab and refinance

Chris Cantu
  • Investor
  • Corpus Christi, TX
Posted

Investment Info:

Single-family residence buy & hold investment in Norwich.

Purchase price: $85,000
Cash invested: $35,000

Purchased cash back in 2021, rehabbed for around 35k. Appraised at 170K, Refinanced a 15yr and leased for $1450. Not a lot of cashflow on the 15 year cash out of 120K, but paydown is coming along quickly.

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