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Updated over 4 years ago,
Would anyone buy this?
Is there any type of investor out there who would buy a deal like this?
3 bed / 2 bath 1400 sqft
Purchase price: $300,000
ARV: $360,000
Rehab:$0 (let's just assume)
Currently Rented at: $1900
Cash flow: $830/month
Cap rate: 3.3%
COC: 3.3%
blob:https://app.dealcheck.io/769836dc-6ff9-4d10-bb02-7ac89a49b773
Before anyone jumps down my neck, I'll mention that I do realize this would not normally constitute a good deal. What I'm trying to figure out is if there is any type of person with a lot of cash, that would do something like this because of tax benefits or some other reason that lower level investors would overlook?