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Updated over 4 years ago,

User Stats

72
Posts
20
Votes
Logan Vierstra
  • Investor
  • Sioux Falls, SD
20
Votes |
72
Posts

Would anyone buy this?

Logan Vierstra
  • Investor
  • Sioux Falls, SD
Posted

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? 

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