3 Bed, 2 Bath Duplex

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Buy, Rehab, Rent, Refinance, Repeat — BRRRR

We purchased this 3 bedroom, 2 bathroom duplex — 1 bed, 1 Bath & 2 bed, 1 bath — in September 2024 for $85,000 in cash. This property was already rented when we bought it, though we made some value-add repairs to it and then refinanced. We partnered with an investor to execute this deal.

There are no pictures of the interior because both units already had tenants in there when we purchased the property.

Financials

Purchase price: $85,000

Repairs: $15,835

Cash-on-cash return (rental): 35%

After-Repair Value: $109,000

Cash-Out Refinance Amount: $81,750

Net Cash Invested (after Refinance): $19,664

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