4th Deal- Buy & Hold

[Ronea Saunders]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $287,000
Cash invested: $17,000

Fourth Investment - 3rd Buy and Hold property. See details below!
Purchase Price: $287,000
Rehab: $17,000
Loan: 15% Down Owner Occupied Conventional Loan, 5% Interest Rate 30 Year Fixed.
Current Rent Roll: $1750 (Owner Occupied) $3500 upon move
Vacancy/Maintenance/Management: 5% for each (but I do self manage)

* Rehab included new kitchens (cabinets, hardware, appliances), paint, concrete pad in the back, new bathroom fixtures, light fixtures & outlets swapped