SFR with Guest House

[Jeff Morgan]

Investment Info:

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

Purchase price: $87,000

Cash invested: $25,000

Sale price: $90,000

SFR with a detached guest house, rents totaling $1325, estimated expenses $533, Mortgage $365, Cash on Cash ROI ~ 20%

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

Through a local realtor I'm working with in Birmingham

How did you finance this deal?

25% down, financed the rest.

How did you add value to the deal?

The guest house adds the value, I'm getting SFR pricing but with duplex type rental income.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Rob Drum, Agent