| This house has just been acquired and the remodel
process is already started. The house is a 4 bedroom 2 bath with
over 1,500 Sq ft. The rehab will include a new HVAC system, new
cabinets re-stucco, paint inside and out, new appliances and an
entire new laminate floor throughout the house. The house will appraise
well over $115,000. Estimated time to rehab 4 weeks.
Estimated Appraisal: $115,000
Estimated Repairs $14,400
Zero Money out of Pocket Loan: $68,000
LTV 59%
Rental Market $800-$1000 per month.
Potential Cash-Flow @6% interest = $300 |