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Updated about 7 hours ago on . Most recent reply

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15
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Joseph Tubbs
5
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15
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Need 3rd party opinion on this deal. Does it pencil for you?

Joseph Tubbs
Posted

Newly rehabbed rental in Center Point, AL which a tree falls on. 3/1 990sqft $70k purchase price contractor quote for fixing all tree damage, adding a bathroom(3/1->3/2), updating current bathroom as well as updating kitchen. His quote is $30k. All-in= 100k + closing costs, lets say all-in is ~$105k ARV:$155-$160k Market rent:$1200-$1300
Good or Bad deal. Comment below. (Assumption: Refinancing all invested funds out is top priority) (Opportunity cost: finding another deal same price and slightly higher rehab but property is 250-350sq/ft more)

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