This is a 3 bedroom per side double that has a decent roof, LR, DR kitchen and full basement on each side. Rehab Details - Front Porch needs some supports added to sure it up. Kitchens need remodeled. Bath rooms remodeled. Some plumbing needs replaced. Roof appears to be in good shape. The investor said about 10k-15k in rehab. I'm going to assume 20k just because from the details I was provided I would rather be conservative. Deal Analysis Purchase Price $12,500 + $20,000 Rehab = $32,500 Total InvestmentMonthly Rents = $1200 (both units)Annual Gross Income = $14,000Net Operating Income (NOI) = $9360 (This is assuming a 35% annual expense)Capitalization Rate = 29% (annual rate of return) ARV: $80K (This is always conservative. You can also argue to take rent multiplier into consideration to help increase the ARV)Equity Position: 48KComparable Sales: Click Here
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