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Properties
Crystal Beach
Purchase Date: May 2019
Property Type: Triplex
Purchase Price: $392,000
Renovations: $110,000
Market Value 2022: $750,000
NOI: $33,000 yearly
Cap Rate: 4.4%
Cash Flow: $900/m
Original money left in the deal: $0
We purchased this property as a fixer upper. It wasn't rented at the time and was in a major state of disrepair. After updating it extensively, we were able to find great quality tenants that provide excellent monthly cash flow and a high rate of return on our investment.