Purchased: October 2020
Location: Indianapolis, IN
Property Type: SFH
Strategy: Buy and Hold
Purchase: $70K
Repair Cost: $5.5K (new roof)
Refinancing: 75% LTV conventional
Loan Terms: 30-year fixed at 3.5%%
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This house was too cute to pass! Good location and on the path of progress. Selecting the right neighborhood certainly makes a huge difference on property value. In this case, the property value has nearly doubled in less than a year.
NOI $6,025 * Cashflow: $3,196 * Cash on Cash: 16.6% * DSCR: 2.13
