How's my new deal look??

[Austin Fruechting]

22 Units; 12 SFR's & 5 Duplexes.

Current status; only 9 of 22 rented. 8 more can be rent ready with little/minimal work (4-6 weeks total). 5 units will require substantial work.  Total cost of all renovations/deferred maintenance: $194,500.  

Estimated appraised value as-is: $1,260,000

Purchase price: $790k

Rehab: ~$195k

All in: $985k + closing costs

Gross rents when complete: $18,590/month

Estimated As-improved value: $1,500,000-$1,600,00