OKC 4-Plex, partial BRRRR

[Carter Still]

Investment Info:

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

Purchase price: $230,000
Cash invested: $73,000

Purchased fourplex, did cash for keys/assisted inherited tenants in moving out and relocating, renovated all four units (bathrooms, kitchens, paint, tile, countertops, sinks, did an electrical service upgrade, added HVAC). Refinanced in 2020 and it appraised for $385K. Two units are airbnbs, two are leased out. net cashflow each month is between $1000-$2000 due to airbnb variability.