Deal a (SOLD)
Holy Cross Honey
4 Bed / 2.5 Bath
3957 ft2 -Total
3100 ft2 - Living space above bsmt
2 Story - fully finished attic, & bsmt wine cellar
Vacant - Prev lease $3000/mo; tenant offer for Jan 2021 lease @ $3000/mo
Gross rents: $3000/mo
NOI: $23,433/yr
As Is Market Value: $485,000
ARV: $550,000
Buy Price: $377,000
Cosmetic updates: $50-65k
Current CAP Rate: 6.2%
Est ROI: $92k = 21%
Strategy:
1. Buy & list 'as is'
2. Buy & cosmetic rehab, flip at full retail
3. Buy & hold A neighborhood
Deal a (SOLD)
Holy Cross Honey
4 Bed / 2.5 Bath
3957 ft2 -Total
3100 ft2 - Living space above bsmt
2 Story - fully finished attic, & bsmt wine cellar
Vacant - Prev lease $3000/mo; tenant offer for Jan 2021 lease @ $3000/mo
Gross rents: $3000/mo
NOI: $23,433/yr
As Is Market Value: $485,000
ARV: $550,000
Buy Price: $377,000
Cosmetic updates: $50-65k
Current CAP Rate: 6.2%
Est ROI: $92k = 21%
Strategy:
1. Buy & list 'as is'
2. Buy & cosmetic rehab, flip at full retail
3. Buy & hold A neighborhood
Deal B (SOLD)
Arsenal Heights All Star
4 Bed / 3 Bath
4290 ft2 -Total
3672 ft2 - Livable above bsmt
2 Story w - 3 access pts to bsmt laundry, easy to fully finish
Occupied - Leased through June 2021
Gross rents: $3000/mo
NOI: $26,223/yr
Market Value: $515,000
ARV: $550,000
Buy Price: $376,500
Cosmetic updates: $25-35k
CAP Rate: 7%
Est ROI: $100k = 24%
Strategy:
1. Buy & hold in A graded neighborhood
2. Buy & 6 mo hold, small cosmetic rehab,
flip at full retail in summer market
3. End lease early w tenant option, small cosmetic update, be first on the Spring market
