HART LAKE BUNGALOW

GREAT BRRRR Buy & Hold or Air BnB

2 Bed / 1 Bath on HUGE double lot

Right across from Hart Lake!

785 ft2 -Total

Bungalow ranch

*Occupied until closing / will vacate previous

to closing

Est Rent: $1200/mo (long term rental)

Gross rents: $14,400/yr

NOI: $10,260yr

ARV: $135,000

Buy Price: $85,000

Est Cost to Complete: $30,000

CAP Rate (IRR): 9.0% (if buy & hold)

Equity ROR: 17.5% (% of ARV - total investment)

Cash flow ROI: 25%

$290 (Net - Mtg - 30 Yr FRM @ 5.25% est)/$13,750

(Net cash flow after mortgage /

Cash left in the deal)

BRRRR Summary (est):

*Buy for $85,000, rehab for $30k = $115k Tot

ARV = $135,000 (est)

Refi cash out = 75% of ARV - $101,250

Cash left in: $13,750

AirBnB (est): $150/night at 48% avg occupancy

$2160 / mo Gross Income

$540 / mo Avg Mgmt Exp (25%)

$1602 / mo Net Rents

CAP Rate (IRR): 16.7% (if buy & hold)

Cash flow ROI: 91%

$1037 (Net - Mtg - 30 Yr FRM @ 5.25% est)/$13,750

(Net cash flow after mortgage / Cash left in the deal)