What would you do if you were to make a choice

[Fabio Busatto]

Pls help and thanks in advance :) What would you do if you were to make a choice between option A and option B and and WHY

Purchase Price $ 141.750

Improvements $ 6.000

Closing Costs $ 2.250

Total Cost $ 150.000

Downpayment: 0% (cash acquisition)

Cash outlay: € 1.000

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After 24 months from completion, here are my two options:

#OPTION A (FIX and FLIX)

Selling the property for € 205.000

#OPTION B (BRRRRR)

Refinance for € 150.000 leaving € 1.000 cash outlay and renting the property. Here are some data based on my simulation;

1st Year

Gross income: € 10.368

Total expenses: € 2.552

NOI: € 1.568

Mortgage payment: € 7.159 (30year at 2.55% fix rate)

Total cash flow: € 657,00

Cash ROI 65,70%

Equity accrued: € 3.373

Total return: € 4.030

Total ROI 403,03%

Capitalization Rate 5,18%

GRM 13,98

DSCR n/a

Tax rate in Italy at: 26%