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Updated over 4 years ago on . Most recent reply

User Stats

47
Posts
27
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Jorge Duarte
  • Realtor
  • San Luis, AZ
27
Votes |
47
Posts

Am I missing something here?

Jorge Duarte
  • Realtor
  • San Luis, AZ
Posted


$80,000PURCHASE PRICE

Purchase Closing Costs$5,000.00
Estimated Repairs$30,000.00
Total Project Cost$115,000.00
After Repair Value$150,000.00

*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

User Stats

571
Posts
635
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
635
Votes |
571
Posts
Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
Replied

Wow, $80k buy, only needs $30k rehab with $150k ARV to get $2k+ rental income? Those are some high rents and that would be a crazy good deal. I'm skeptical lol. If you're confident in those inputs, pull the trigger.

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