Buy & Hold | March 2016 - Present

[Michael H. Cook]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $50,000

Long term buy and hold in the Fairmont Subdivision of Staunton, VA. I purchased this as a primary residence in 2016 on a Short Sale, knowing it needed to be renovated, and it had a full unfinished basement where I could add a bedroom, bathroom, laundry, storage, and living rooms. I performed a live-in BRRRR, enjoyed the updates for 3 years then moved out.

Purchase Price: $135,000

Seller Credit: $1,350

Down Payment (0%): $0

Appraised Value(2016): $159,000

Appraised Value(2019): $235,000

Appraised Value(2022): Coming Soon

$25,350 in initial equity the day I signed on the dotted line.

Mortgage: $775/month

Property will rent for $1,900-$2,100/month.

On to the next!