3 Bed, 1 Bath Single Family Home
Purchase Price: $56,000
Line of Credit for Repairs: $29,323
Total cash invested: $9,900
Cash-on-Cash Return: 0%
Fix, Rent, Sell
We purchased a 3 bedroom, 1 bathroom single family home in October 2024 for $56,000. The property was rented when we purchased it. We plan to rehab it, continue renting it out, hold it for some time, and then sell it. We used our own equity and bank financing to pay for this deal. The property is currently breaking-even as we rent it out.
Financials
Cash Proceeds from sale (after closing costs and mortgage payoff): +$TBD
Minus Remaining balance on line of credit: -$TBD
Profit: $TBD
Minus cash invested at purchase: -$9,900
Final Profit: $TBD
Pre-Tax ROI (based on cash invested): +TBD
Pre-Tax Annualized ROI (based on cash invested): +TBD