3 Bed, 1 Bath Single Family Home
Purchase Price: $56,000
Repairs/Line of Credit: $20,870
Total cash invested: $15,961
Cash-on-Cash Return: 1.3%
Fix, Rent, Sell
We purchased a 3 bedroom, 1 bathroom single family home in October 2024 for $56,000. The property was rented when we purchased it. We plan to rehab it, continue renting it to the current tenants, help them save up to purchase the home, and eventually sell it to them so that they can become first-time homebuyers. We used our own equity and bank financing to pay for this deal.
Financials
Cash Proceeds from sale (after closing costs and mortgage payoff): +$TBD
Plus total cash flow from rental: +$TBD
Minus Remaining balance on line of credit: -$TBD
Profit: $TBD
Minus cash invested at purchase: -$14,862
Final Profit: $TBD
Pre-Tax ROI (based on cash invested): +TBD
Pre-Tax Annualized ROI (based on cash invested): +TBD