| Description: |
Please call for updated rehabilitation photos, rental status, and more information!!!
2BR/1 BA 970 Sq Ft
$25,000 spent on Rehabilitation (Completed 08-08) New Hardwood, Kitchen, Bathroom, Windows, Siding and more. Fully rehabilitated and ready for tenants. Fantastic location and wil have positive cash flow at $650 a month in rent. Why worry about deferred maintenance when you can buy this fully rehabilated and turn-key. Why deal with contractors when this is already done. This is a easy and nice K.C. property waiting for a landlord.
*The MORTGAGE on this property will be 80% of the lender's final appraised value* Total cost to purchase is $5,000
Projected ARV: $75,000
Projected Financing: $60,000 (or 80% Final Appraisal)
Projected Equity: $25,000
Acquisition Cost: $5,000
About this investment:
Investor finances (mortgage amount) 80% LTV of final appraisal
20% Built-in Equity
Acquisition cost is $5,000 ($0 Down Financing w/ approved credit)
Property is rehabilitated with $25,000
This investment model is meant to:
1. Allow investors to passively acquire residential rental real estate and use it as an asset class for portfolio diversification
2. Leverage cash for property acquisition (Only $5,000 investment is required)
3. Buy property at a discount (property finance amount is 80% of lender's value)
4. Relieve investors of time, effort and capital needed to rehabilitate a property
** Must Qualify **
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