Acquisition Summary
Property Detail: Single-family home, 1,152 sq ft, 1BA
Acquisition Date: October 4, 2024
Purchase Price: $45,000
Repair Estimate: $10,000 (roof and exterior work)
Total Investment: $55,000
Projected ARV: $80,000
Current Rent: $1,200/month (good tenant)
Estimated Future Taxes: $2,316/year (adjusted based on SEV for non-homestead property)
This single-family residence in the College Park neighborhood offers immediate stability and strong cash flow rather than a typical value-add project. Key highlights include:
Purchase Price: $75,000 – an exceptionally low entry point relative to the market.
Capital Expenditures: Minimal or none required ($5,000 or less anticipated).
ARV: $150,000, indicating significant inherent value.
Rent: $1,150/month, a strong return with no immediate need to adjust the lease.
Annual Taxes: $1,800 (current due: $1,615.05).
Acquisition Summary
Property Detail: 3BR 1BA, 1,095 sq ft
Acquisition Date: September 20, 2024
Purchase Price: $40,000
Total Repair Estimate: $10,000
Projected Total Investment: $50,000
Current Rent: $1,000/month (Increased from $775 on October 1, 2024)
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%
