TAMPA BRRRR DEAL COMPLETED!!!
Investment Info:
Single-family residence buy & hold investment in Tampa.
Purchase price: $60,000
Cash invested: $18,000
Tampa, FL 2/1 728 SqFt
AQUISITION
Purchase Price: $60,000
Purchase Loan: $48,000
Down Payment: $12,000
Fees: $6,000
Rehab: $25,979.41
Total Loan: $73,979.41
Cash Invested: $18,000
PROJECT COST: $91,979.41
Rent: $1095 / Month
REFINANCE
ARV: $160,000
Loan Amount: $112,000 70%LTV
Debt Payoff ($73,979.41)
Gross Cash Out: $38,021
Fees, Taxs, Insuranance: ($14,367)
3 Months PITI: ($2,791)
Net Cash Out $20,863.00
$0 In, $1963 profit, $48,000 equity, $155/month Cashflow.
