Updated almost 4 years ago on .
Upper Darby Single Family Buy & Hold
Investment Info:
Single-family residence buy & hold investment in Upper Darby.
Purchase price: $90,000
Current Rent: $900/mo
Market Rent: $1200 - $1300
This property is currently occupied by a month to month tenant at $900/mo. The investors plan is to either raise the rents to market rates ($1200 - $1300) or give the tenant notice to vacate. The property could use some light renovations so ideally the tenants will move out so the investor can put some work in and add some value.
Comps range between $145k and $150k so getting a nice refi shouldn't be an issue. This BRRRR should work out nicely for this investor!
How did you finance this deal?
100% Cash Financing
