3 bed, 2 bath
Purchased $ 53,000
Rehab & Fees $ 11,000
Monthly $ 916
AC, lot 8072 s.f.
Purchased 10/20/16
Numbers
ARV $90,000
Loan $64,000 @5% 30 yr. fixed
20% down – $12,800
Loan costs – $4000
P&I $344
Taxes $ 1000 = 83/mo.
Ins. $ 420 = 35/mo
PITI $462/5544
Expenses/ vacancy $100/1200
Income $916 | $10,992
Net $4248 / $16,800 = 25% C/C
Princ. Paydown $944 + $4248 = $5192 / $16,800 = 31% ROI
