Property was rented after being remodeled. An appraisal was done to it a and a cash out refinance was obtain for 75% loan to value with a $180,000 appraised value as of 2017 Currently the property continues to be rented thru a tenant in the Section 8 program collecting a great return for our investors while at the same time allowing us to recover the money invested to re invest in future deals
Purchase price |
Renovation Cost |
Time |
Gross Profit |
$65,000.00 |
$60,000.00 |
3 months |
20%+ annually |