This house has just been acquired and the remodel process has started. The house was a 3 bedroom 1 bath with about 1,000 Sq ft. The house is going to get a 2nd bathroom added in with a minor rehab. The rehab will include a new HVAC system, new carpet, new tile, new countertops, new vanities, light fixtures and a completed front porch. The addition of the master bathroom and washer and dryer hook-ups will greatly improve the value of this home. This house is expected to appraise over $105k.

Estimated Appraisal: $105,000
Estimated Repairs $12,000
Zero Money out of Pocket Loan: $55,000
LTV 52%
Rental Market $750-$850 per month.
Potential Cash-Flow @6% interest = $350