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Updated about 2 years ago,

User Stats

21
Posts
23
Votes
Steele Dewald
23
Votes |
21
Posts

Park City Ski in/out Sundial Fix Rent and then Flip.

Steele Dewald
Posted

Investment Info:

Condo other investment in Park City.

Purchase price: $434,000
Cash invested: $15,000
Sale price: $590,000

We originally bought this property to hold it. It was a great rental for the first year pulling in 62k with an NOI of 16k. We bought it with 5% down so the return was healthy. We ended up selling for $590,000 when the market started to get hot. I loved this building and can't wait to buy another property there.