Updated over 7 years ago on . Most recent reply
Trying again with all the details- good BRRR?
Price $20,000, $4,000 down, owner financed
Closing $1,500
Est. Repairs $28,500
roughly $34k in
ARV $85k
Rent $875
| Taxes | $95 |
| Insurance | $75 |
| Termite | $50 |
| Repairs | $80 |
| Cap. Ex. | $100 |
| Vacancy | $87 |
| Property Mgmt | $87 |
| Total | $574 |
$86/month owner financed loan
Monthly cash flow $215
CoC 7% with management/ 10.6% self-managed
Refi $34k leaving 20% in ($7k), CoC jumps to 33%, $28,000 back out
Thoughts?
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Unfortunately, the deal doesn't even make "cents" from a rental point of view...but it does make "dollars" from a flip point of view...so go "make some dollars".