Their Asking price: $30,000.00
Our offer: $27,000.00
2br 1bath
700 sq ft
Rehab List/costs:
Home Inspection: $400.00
Roof: $1600.00
Electric: $1500.00
Plumbing: $650.00
Flooring: $1200.00
Heating: $200.00
Walls/Ceiling: $400.00
Paint: $800.00
Security/Fire Alarm System (Lowes Iris): $375.00
Security Cameras (4 camera system): $300.00
Washer/Dryer: $450.00
Fridge: $350.00
Backyard: $200.00
Basement: $200.00
TOTAL REHAB: $9025
Closing Costs: $2500.00
Acquisition & Rehab total: $38525.00
Taxes: $1077/year
Insurance: $700/year
Contingency (repairs etc): $600/yr
Total taxes, insurance & contingency: $198.08/month
Rental: $875/month
Estimated Annual Return on Investment: 21%
Map:
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