A-Class SFR

Property Details

Market:

Noblesville, Indiana

Zip Code:

46060

Date Acquired: 11-28-2017

Asset Class: A

Purchase Price: $95,000

Rehab Budget:  $10,000

Rehab Time Frame: 60 Days

Projected After Repair Value: $165,000

Monthly Lease: $1,375

All-in cost: $123,xxx

Current value: $185,000

Equity: $62,000

Avg. Real Monthly Cashflow: $202.41

Funded: One of our private lenders was given a 1st position lien for $121,000 at 8% interest on a two-year term. This earned them a completely passive return of $14,520 over the 18-months their capital was invested with us.