How's my new deal look??
22 Units; 12 SFR's & 5 Duplexes.
Current status; only 9 of 22 rented. 8 more can be rent ready with little/minimal work (4-6 weeks total). 5 units will require substantial work. Total cost of all renovations/deferred maintenance: $194,500.
Estimated appraised value as-is: $1,260,000
Purchase price: $790k
Rehab: ~$195k
All in: $985k + closing costs
Gross rents when complete: $18,590/month
Estimated As-improved value: $1,500,000-$1,600,00
Most Popular Reply
Sounds like some nice cashflow. Way to negotiate that deal and make it worth while