FAYETTEVILLE NC SECOND BRRRR DEAL WITH PICTURES & NUMBERS!

[Dan Falcon]

Hi there, hope all of you doing BRRRR find this useful! This property is located on Dumfries Drive in Fayetteville NC. The home is a 3/2. I included a few before and afters. Unfortunately I financed at 5.25% right before rates took a sharp drop into the 4.8% range, which stinks, but I am still confident in the end result.

Purchase Price - 42000.00

Repairs & Various HUD items - 18000.00

All in - 60000.00

ARV - 81500.00

Property is rented for $930/month 

5% Vacancy - (46.50)

Property Tax - (68.75)

Insurance - (72.08)

10% PM - (93.00)

CapEX - (100.00)

5.25% @ 30 Years Fixed - (331.00)       

Cash Flow - $223.00/Month 

Equity - $21500.00 

@Bryant Tumbelekis was my realtor on this one. Definitely reach out if you are looking for a professional.