Subject-to MTR #4
2/18/23 - Present
Purchase price: $450,000
Cash invested: $58,286
$2,000 to seller + $13,500 finders fee + $10,589 furnish one side + $32,197 rehab
Monthly cashflow: Break-even currently
Expected CoC after MTR both sides: 20.58%
Property #4 by accident, came across past team client that didn't ever finish renovation + rent out the units. Picked it up and finished renovation/launched airbnb two months later.