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Updated about 4 years ago,
Would you do this deal?
Purchase price $45K
Rehab 47K
ARV 135K
Rents for $785-800
4/3 single family c+ to B
I can refinance it at 3.6% and take out 100K and have an infinite ROI, but it will only cash flow at $42.79 after property manager, vacancy & repair. I am using my own cash to fund it and repair it. I maintain a $30K reserve as I have other properties that cash flow around $400 a month. Or is this to small of a cash flow? How would you do this deal. This would be my first BRRRR. Thanks!