Acquisition Summary
Property Detail: 3BR 1BA, 1,141 sq ft
Acquisition Date: September 13, 2024
Purchase Price: $10,000
Repair Quote: $55,000
Total Investment: $71,913
Projected ARV: $90,000
Projected Rent: $1,100–$1,200
Cash-on-Cash Return Target: 9.03%
Acquisition Summary:
Property Detail: 3BR 1BA Brick
Acquisition Date: August 30, 2024
Acquisition Price: $45,000
Capital Expenditures: None for now
Current Rent: $700
Future Rent: $900
As Is Value: Approx. $60,000
Update: October 1, 2024
In just one month since acquisition, the property is already listed for rent. This quick turnaround demonstrates our ability to create value rapidly and capitalize on our in-house expertise.
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Acquisition Summary:
Property Detail: 3BR 1.5BA Bungalow
Acquisition Date: August 30, 2024
Acquisition Price: $65,000
Capital Expenditures (CapEx): $35,000
Potential Rent: $1,200
After Repair Value (ARV): 150,000
This is a 3 bed 1 bath, 1,400 square feet brick colonial with substantial after-repair-returns in sight. It is situated within the Hubbell-Puritan neighborhood, on a solid brick street, and is very close to a sizable fresh food supermarket, the Greenfield Market.
One of the MTMA fund managers brings extensive property management expertise. By the time the Team has a property that is being presented, all the relevant details such as the repair quote, potential rent, and nearby comparables, are at the fingertips of the underwriting team, directly from the property management side.
This property was acquired mid-renovation, and the team will take over to complete the repairs.
