Purchased 3/01/16
Bought 3/01/16
Rehab $15,000 | Rented 4/03/16
1800 s.f. built 1967
4bd, 2 bth, with POOL, AC, New Roof, lot 7108 s.f.
Monthly $ 1150
Bought $108,500 Down & Costs $ 32,000
OC 19yrs. @ 3.5%
The Numbers
Income $1150 |13,800
OC PITI $720 | 8,640
Expenses $163 | 1956
Net $3,204 / $32,000 = 10% C/C
Princ. Paydown $3900 + $3204 = $7104 | $32,000 = 22% ROI
