Little Rock, AR
S. Franklin St
Little Rock, AR 72204
Buy and Hold
We purchased this house in 2015, for $60,000 and put $2,500 into repairs. We borrowed $65,000 from a private investor for the purchase and repairs at 10% interest only payments. After closing costs and holding fees, we put $1,300 in our pocket and rented the house for $950/mo. One year later, we refinanced with a bank loan at 4.5% interest for 20 years and paid the investor back. The same tenant remains in the house today.
Cash Flow $410.44/mo. $4,925/yr.