Arbitrage to Ownership

[Travis Piper]

Investment Info:

Single-family residence buy & hold investment in Bryan.

Purchase price: $130,000

My first investment property purchase!

Purchased this property with a private loan (family) after following up with an off market lead. $0 down and $15,000 in renovation cost later I had almost $100,000 in equity.

Purchase Price: $130,000

Loan Amount: $130,000
Closing Cost: $1,950
Interior Renovation Cost: $15,000
Furnishing (MTR): $6,000
Total: $22,950

ARV: $228,000

PITI: $1,274
Operating Expenses: $305
Monthly Revenue: $2,300
Monthly Cashflow: $721

Cash on Cash: 37% Annual Return
ROI: 61% Annual Return
DSCR: 1.57
Equity: $98,000