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)