After we onboarded with the lender and sent all the deal info over, we found out that there is a prepayment penalty.

Little more info, currently the cash flow is a little over $6,000 in the account.

I have someone I could recommend to you and get you some more info.

@Cody CaswellThanks for this info Cody.

Hey Ian (@Ian Kibbe), thanks so much for creating this thread and sharing all of this info!

@Jimmy O'Connor that’s actually really surprising that Grays Ferry’s average is about the same, i honestly didn’t dive deep into the numbers and would of never guessed they’d be so close thanks for relaying that info. i actually had my eye on something in Grays Ferry but was a tad worried about an exit plan as i assumed it wouldn’t appreciate as much as Whitman or Pennsport but looks like i was dead wrong as you mentioned Feinbush has moved into Grays Ferry.

You can reach out or send me an email I enjoy helping other investors, sharing info and talking REI! 

As of now that is all the info I have.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Could you provide more info?