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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.