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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateLeave 100k and rent or Flip for 30k
Conte Cuttino's profile image
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Conte Cuttino
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  • Rental Property Investor
  • Member since Mar 21, 2019
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Conte Cuttino's profile image
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Conte Cuttino
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  • Rental Property Investor
  • Member since Mar 21, 2019
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Conte Cuttino
Pro Member
  • Rental Property Investor
11
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57
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Buying & Selling Real Estate

Leave 100k and rent or Flip for 30k

Conte Cuttino
Pro Member
  • Rental Property Investor
Posted Aug 2 2024, 05:48
https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6-46d9-893f-9a170a5ca7f1

Property is in C+ area but in a different School district that’s B-

If I sale I’ll get 30k profit after 9 months.

If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.
NOI: $49,536

CoC ROI: 16.57% / CashFlow: $1488/mo

Pro forma cap: 8.26%

Purchase cap: 11.79%

Check out breakdown below 👇🏾

https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6...

Long Island, New York
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