SFR buy and hold property that cash flows well

[Fernando David]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000
Cash invested: $60,000

3/2 SFR on a lake.

What made you interested in investing in this type of deal?

This property is an up and coming neighborhood that is seeing property value raise by 8.7% per year. In addition, it was being sold below market.

How did you find this deal and how did you negotiate it?

Driving for dollars

How did you finance this deal?

Conventional load

What was the outcome?

this property provided me with a 25% cash on cash ROI and equity of %75,000.00