Single family, 3 bed, 1 1/2 bath - Malone, NY

[Richard Patrie]

Investment Info:

Single-family residence buy & hold investment in Malone.

Purchase price: $36,000
Cash invested: $12,396

3 bdr single family.

Price: $36,000
Repairs: $6,856
Terms: Cash
Rent: $775

All in price with closing costs was $44,493. CoC ROI - 10.23%

Refinanced. Received $32,096. New all-in cost is $12,396. CoC ROI after refi is 19.75%

How did you finance this deal?

Cash

How did you add value to the deal?

I let the seller stay in the house and pay rent. She got the cash she needed and didn't have to move.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My realtor is my property manager. We've done 9 deals together.