608 N. Robinson Harrison, AR

[Todd Ayers]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $62,000
Cash invested: $9,900
Sale price: $57,200

This house is roughly 1030 sqft. It is a 2bd 1 ba home with 9ft ceilings. This is basically a turn key property. We only had to do some minor painting. The deposit is $500.00 and the rent is $700.00

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

The ROI is 22% when i ran the numbers.

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

We found this one on Zillow. the owners listed it as for sale by owner.

How did you finance this deal?

We paid our own down payment(out of pocket) and financed through our local bank.

How did you add value to the deal?

I made an offer. They appeared to be very motivated sellers.. they were making 2 payments and needed-wanted to get rid of one.

What was the outcome?

We got a great updated rental.

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

None. This was a fsbo.