Jacksonville, AR

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Hill Road

Jacksonville, AR 72076

Buy and Hold
ROI: 25% 

We purchased this asset for $30,000 in early 2016 with some 1031 Exchange money from a sale of a Single-Family Home (SFH) in CA. 

We then took out a Home Equity Line of Credit (HELOC) for $50,000 from a local bank at 4.25% for the rehab costs.  The After-Repair Value (ARV) is $120,000.  

The house rents for $1,200/mo. Monthly expenses (Taxes, Ins, Debt Service) are $560/mo. Net Cash Flow each month is $640. We put $90 each month into a reserve for Repairs & Maintenance.

Kevin Waltermire