4 Bed, 1 Bath Single Family Home
Front - Outside
Front - Outside
Front - Outside
Entryway
Bathroom
Bathroom
Living/Dining Room
Bedroom 1
Hallway to Kitchen
Kitchen
Kitchen
Laundry Room
Living/Dining Room
Stairs
Stairs
Bedroom 2
Bedroom 2
Bedroom 3
Bedroom 4
Buy, Rehab, Rent, Refinance, Repeat — BRRRR
We purchased this beautiful 4 bedroom, 1 bathroom home in December 2024. We partnered with an investor for this deal.
We made this a BRRRR deal and performed the following value-add repairs: replaced the roof and gutters, demolished a crumbling shed in the back, replaced the water heater, installed railings and columns at the front and back yards, installed electric baseboards, bought new appliances, insulated the attic, and completed a few other small repairs. Then, we rented and refinanced the property.
Financials
Purchase Price: $80,000
Repairs & New Appliances: $28,838
Projected Cash-on-Cash Return (Rental): 21%
After-Repair Value: $143,000
Cash-Out Refinance Amount: $107,250
Cash Invested (after Refinance): $22,362
