BRRRR deal analysis ...

[Bishwash Aryal]

Would this be considered a good deal? I would like a little more CashFlow but since I can get all my investment back immediately, I think its a good deal... before I pull the trigger wanted to seek any advice if I am missing anything in this deal.

Wholesale Cash Buy: $80K, off-market deal.

Rehab Cost: $0, section 8 tenant already in place.

Appraisal: 108K based on the comparative market analysis provided.

Current Monthly Rent: $950

Total Monthly Expenses: $991.90 ( P&I $343.57, Taxes and Insurance $301.33, 36% for Vacancy, Repair, and PM $347.00)

CashFlow per Month: -41.90, but if Principal payment in Mortgage is included which is about $76.90, CashFlow will be $35 a month.

I would be able to cash out all 80K from refi, but the CashFlow is marginal. There is potential for future rent to increase slightly.

Thanks!