Looking for an affordable rental property with a low acquisition cost and the potential to recycle your investment capital?
This Montgomery property offers an opportunity to buy, renovate, rent and refinance!
THE NUMBERS
Purchase: $30,000
Estimated Rehab: $35,000
Closing Costs: ~$1,050
Total All-In: ~$66,050
Estimated ARV: $60,000
Current Rent: $650/month
Projected Annual Gross Rent: $7,800
PROJECTED 10.6% RETURN ON COST BEFORE FINANCING!
THE BRRRR PLAY
BUY FOR $30K → RENOVATE FOR ~$35K → RENT → REFINANCE!
At the projected $60K valuation, a 75% LTV refinance could potentially return approximately $43,650 after estimated refinance costs, leaving just $2,400 of the original investment in the deal!
More About This Property
Nearby Deals
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $60,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $62,000.
