Wednesday, October 21, 2009

(SOLD) $25,000 Cheap Cashflow House



Click on Image to Enlarge



Financial Analysis
Price $25,000
Closing Cost $2,500
Rehab $10,000
Total Cash Investment $37,500
ARV $55,000
Vacancy Rate 8.60%
Rent 700
Tax+Ins. 265
Monthly Cash Flow 435


Yearly Cash Flow 5220
Net Vacancy 4771.08
ROI (Full Occupancy) 13.92%
Adjusted ROI (Net Vacancy) 12.72%
Equity $17,500


Property Highlights
Sqft: 1181
Beds: 3
Baths: 1.5
Construction Block
Year 1958
Wholesale Price: $25,000
After Repair Value: $55,000
Repair: $10,000
Area Zip Code: 32805
Subdivision: Haralson
Notes: 3/1.5 Cheap house, needs paint and carpet or tile, updates to kitchen and bathroom. Also needs to be ducted for central A/C otherwise has wall units now.

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