| This house has just been acquired and the remodel
process is already started. The house is a 5 bedroom 2 bath with
over 2,000 Sq ft. The house is going to get a 6th bedroom added
in with a complete rehab. The rehab will include a completely new
electrical system, new HVAC system, new carpet, new tile, and new
cabinets. The one car garage is going to be updated and functional
along with the addition of washer and dryer hook-ups. This house
will appraise well over $130k.
Estimated Appraisal: $135,000
Estimated Repairs $22,000
Zero Money out of Pocket Loan: $78,500
LTV 58%
Rental Market $800-$1000 per month.
Potential Cash-Flow @6% interest = $350 |