Please note, I've purposefully left out the exact address to prevent people from disturbing the owner without consent. We are happy to disclose if someone expresses interest in moving forward.
11++ CAP as managed short-term rental after all management costs!
7++ CAP as long-term
20 to 25% margin if developed or fixed and flipped
My partner and I are under contract for an amazing property and we're willing to consider wholesaling if someone offers by 5/6 with strong earnest money around 1.525M. The numbers are bomb, even at 1.6M!
(our strategy)
11 CAP++ as a fully-managed short-term rental with remodel cost and management costs already included (my partner specializes in this which is why we offered on this place)
(other strategies)
25% margin if developed to max potential on LR1 in the North QA / Interbay area. 3.6 to 4M exit
20% margin on fix & flip with a 2.3M ARV
7 CAP after remodel with remodel costs included in price
We can provide layout, photos (it has waterviews!), microfilm documentation on history and permits, comps, remodel estimates in detail, and financial analysis in detail to backup all claims above.
Cheers!
Ricardo