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%
If you followed our first report from August 27, you will recall that we dove into this acquisition with some risks. Today, just over a month later, we are pleased to show how our team’s efforts are already paying off.
Firstly, here is the post from that day.
Multifamily Acquisition #1 – 2000 and 3000 Block E.C. Street, Time to Show Some Real Muscle
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
