Little Rock, AR

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S. Franklin St

Little Rock, AR 72204
Buy and Hold
ROI: 10%

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.
ROI: 10%

Kevin Waltermire