How’d I do?

List Price: 175K
Purchase Price: 150K
Light cosmetic Rehab: 6K (paint,floors,fixtures)
ARV: 190K
Rent: 1900
Payment: 1275
Cash left in the deal: 25k (will likely pull out in 2-3 years if rates drop)

Not a home run but a solid base hit?

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Wow! Where are you finding properties for $150k in this market ?

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Go Irish ☘️

How are you renting for 1900? When I look areas in South Bend for that purchase price and then look at rents in the same area max I’m seeing is around 1400. Section 8 tenants?

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Numbers look good. Great job!

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I'm assuming 20% down so you're ~36k in and netting ~+7k/year? Thats close to 20% cash on cash return which is awesome. Did you already get the deal done and rented out? If so, teach me 😆

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That’s pretty solid! Do you have any landlord paid utilities? Are you saving for occupancy / repairs in the $1275 “payment” amount, or is that on top?

My understanding is that flipping homes can come at a loss sometimes. Coming out ahead is a win no matter what.

Ah. It was said that there is $25k left in the deal. That's why I took it as a flip after creating a rental property. If in for 2 or 3 more years, then is that in these types of transactions or this one deal?

Still confused why there is cash left to be spoken of in this deal. Especially when the start cash was not mentioned. Cash is liquid

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