$791 net cash flow 3 unit that needs a buyer......

Well, I went thru the steps I was taught from Dean, Matt, and others and have a 3 unit property under contract in a report that according to the research and math would be $791 net cash flow even after taxes, maintenance, insurance, utilities, property management costs, and vacancy loss. If you pulled your money out after rehab, net cash flow would be $513.33

It was one time valued at $102,800 and is being sold for $29,900.00 The ARV would be $70,000 after rehab and the property is located in Lansing, Michigan.

I went thru it with a licensed contractor who is also a fellow DG'er who said the rehab costs he calculated were conservative. His contact info and license number are in the report that has a break down of the numbers and photos.

We tried to be very diligent when doing our numbers because we don't want a reputation for introducing junk.

Please contact me if you want a copy of the report with photos:

http://lansing.craigslist.org/reo/3480910186.html