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Updated 11 months ago, 02/13/2024
Would you buy this rental?
Single family home in class C area:
Buying for $141k
$20k solar loan paid @ $90/month
Rehab of $12k to get rent ready
Rent amount of $1,250/month
Would appraise for $200k
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So, all in at $154k, which is 77% of ARV
Rent - insurance & taxes = $1,150/month