This home is located in St. Louis Missouri in an ideal community and location. Painted interior. New floors. Remodeled kitchen and updtated bath, upgraded electrical and upgraded plumbing are just some of the highlights of the planned rehab. This multifamily property is sure to attract tenants. The average rent in the area for 2bed 1bath is $650 and 1bed 1bath is $450.
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| Purchase Price** |
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$ 40500 |
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Avg. Rental |
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$ 1000 |
| Rehab Cost |
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$ 41300 |
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Prin & Int. @ ^ |
5.9% |
$ 554.16 |
| Closing Costs / Insurance |
$12376 - |
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| Option/ Assignment Fee* |
$ |
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PM Fee* |
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$ 100 |
| Total Loan Amount |
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$ 94176 |
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Tax/ Ins. |
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$ 123 |
| After Rehab Value (est.): |
$ 136000 |
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Net cash flow*** |
$ 222.84 |
| Refinance Amount |
96795 |
$ 96795 |
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| Instant Equity: |
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$ 39205 |
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| Facts about the deal |
| Information contained above is deemed reliable but is not guaranteed. Buyer is responsible for their own due diligence. Refi at 75% assumes Full Doc Borrower. Stated income borrower may be have lower LTV allowed by banks. **This is an estimated cost. Actual cost may vary. ^Principle and Interest is only estimate. Your actual interest rate will vary based on credit score and other factors used to determine rates. ***NET Cash Flow may be negatively impacted by insured or uninsured loss, vacancy, maintenance costs, and other factors.*PM Fee is blank because the 1st year fee is waived. PM fee is normally $55 a month |
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