18k Another Turn-key BRRR Property

[Immanuel Price]

Johnson Street

South Bend, IN 46628

Another BRRR opportunity

Buy - 16500

Rehab - $1500

Rent - Currently with Tenant of 2+ years

Refinance- Complete return on investment

Repeat!

Tenant of 2 plus years that is happy to stay. Mid 30’s high school teacher. House is 2 bedrooms, 1 bath, full unfinished basement, enclosed front porch, newer mechanical's (furnace/water heater). Has been re-plumbed recently with Pex plumbing. Nice privacy fenced in back yard. One stall detached garage.

Rent - $500 (market rent $550) - $6000/year

Management - $840

Taxes - $800

Insurance - $600

Maintenance - $500

Work needed - Roof and soffit repair exterior, plaster repair interior - $1500

$18,000 all in

$3,260 NOI

18.11% ROI