| This house has just been acquired and the remodel
process is almost finished. The house was a 4 bedroom 2.5 bath with
over 1,700 Sq ft. The home will be converted to include a 5th bedroom
and a functional 1 car garage. The rehab will include a new HVAC
system, new cabinets, paint inside and out, new appliances, a completely
re-wired electrical system, new windows and a new roof. The house
will appraise well over $125,000. Estimated time to rehab 5 weeks.
Estimated Appraisal: $135,000
Estimated Repairs $15,000
Zero Money out of Pocket Loan: $83,500
LTV 61%
Rental Market $900-$1100 per month.
Potential Cash-Flow @6% interest = $300 |