st clair select

Tremendous BRRRR with Huge Equity Upside

6 Bed / 2.5 Bath Duplex in the coveted St Clair Place

neighborhood

2236 ft2 -Total Duplex 

*One side occupied until closing / lease ends & will vacate previous

to closing

Est Gross Rent/door: $1600/mo (long term rental)

Gross rents: $38,400/yr

Taxes: $2254

Ins: $1600

NOI: $26,866yr (Tax, Ins, Mgmt, Maint, Vac incl'd)

ARV: $480,000 

Buy Price: $299,000

Est Cost to Complete: $75,000

CAP Rate (IRR): 7.15% (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)

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