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Updated about 2 years ago on . Most recent reply

User Stats

96
Posts
82
Votes
Jason Waldo
  • Investor
  • Kansas City, MO
82
Votes |
96
Posts

Please critique my recent flip/rental!!!

Jason Waldo
  • Investor
  • Kansas City, MO
Posted

So I have a property that I would like feedback on. I just finished this renovation on this property and got it rented out on October 1st. Let me know what you think about the numbers and the work. Even with these interest rates I am still finding deals out there.

Purchase Price: $180k (Used hard money at 10% interest for 2.5 months)

Rehab: $85k (Used my own cash)

ARV: $300k

Rent: $2195

Mortgage: $1535/Month

Most Popular Reply

User Stats

338
Posts
375
Votes
Jack Mawer
  • Lender
375
Votes |
338
Posts
Jack Mawer
  • Lender
Replied

I agree with Alex -  I think you did a great job on this flip on both the interior and exterior and added a significant amount of value to the property. There are other expenses to keep in mind such as tax and insurance but looks like a cash flowing asset to me! 

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