Roanoke, VA Purchase-Rehab-Hold

[Adam Summers]

I have recently purchased my first rental property (thanks to the information provided by the BP community) and will be closing on it next week. The property was purchased through HUD and will need cosmetic repairs to get it ready for rent. The property is a 1163 Square Foot SFR on a slab with 3 Beds, 1.5 Baths, Eat in kitchen, and central heat and air. Below is the details of the purchase.

Purchase Price: $43,000

Estimated Rehab: $6,000

ARV: $75,000

Projected Rent: $800-$850

Below are the pictures before rehab.