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Updated over 2 years ago on .

User Stats

68
Posts
16
Votes
Albert Tsao
  • Investor
  • Los Angeles, CA
16
Votes |
68
Posts

Buy and Hold Long Term Rental (BRRRR)

Albert Tsao
  • Investor
  • Los Angeles, CA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $280,000
Cash invested: $56,000

Contributors:
Carson McGee

This is a 4bd/1.5ba single family home (2, 005 sqft). This was purchased in July 2021, located in North Carolina. The current market value of the home is $357,200

The property has recently been cash-out refinanced to access equity and scale. The current annual PITI is $16, 462 and annual rent is $23, 700 ($1, 975 a month).