Cash on Cash Return 27.76%! In CT!

[Rick Santasiere]

Purchase price: $55,000

Repair Cost: $11,000

ARV (based on cap rate): $183,000. (Keep in mind, comps would never justify this figure, but I Wanted to insert just to show the income value) In this town, there are very few MFR's.

Cash on Cash Return: 27.76%

Purchase Cap Rate: 30.31%

Monthly Expenses (See below): $1,348

Monthly Cash Flow: $1,527

Annual Income: $18,322 AMAZING!!

Vacancy:	$143.75	Repairs:	$143.75
CapEx:	$287.50	Electricity:	$200.00
Insurance:	$142.00	Property Taxes:	$306.17
Oil:	$125.00

Connecticut Multi family. 2% rule and then some!  A truly great one.  I am so grateful for the relationship I built with the seller, as well as some great tenants who help keep this property providing huge rate of return for my portfolio. Thanks BP for the mortgage calculator!!