4bd/2.5ba Townhome with little equity, but great rental potential

[James Letchford]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000
Cash invested: $28,000

MLS listing with huge rental potential. Not so much equity off the bat, but largest plan in the neighborhood. Some before and after pics attached.

ARV: $196,000

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

There wasn't a ton of equity that I could build into this project, but the rental rates and cash flow were too good to pass up.

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

MLS and through my agent.

How did you finance this deal?

Cash w/refinance.

How did you add value to the deal?

Rehab.

What was the outcome?

Great rental property with solid cash flow each month.

Lessons learned? Challenges?

Not every property may have a lot of equity built in, but the cash flow may make the investment well worth it.

[James Letchford]

@Sai Kopacek I pay approximately $1200/mo for mortgage, taxes, and insurance. I just signed a 3yr lease @