2nd BRRR done- onto number 3- 2 more in progress.
Good morning all- sharing 2nd success story.
Town: Manchester, CT
Property type: Duplex
3 Bedrooms/2 Bathrooms per side
Purchase Price: $65,000
Renovation costs: Siding and roofing (full resheath), New furnaces, electrical, ripped out plumbing, flooring, kitchen baths. - totalling@ $69,000
End Valuation: $200,000
Refinance: $140,000 out 5 year ARM 20 year amortization
Rent: $1250/unit
Monthly Cash Flow: $507.96
Next up: Refinance of auction.com property in New Britain.
