Update: Here’s a quick underwriting I did of this property. Showing a 19-20% cash on cash return and $9-10K/month in net cash flow!
I also added it to my next "Find it Friday" video this week because it's a great opportunity.
Great job finding this deal ! Keep sending us more great deals for us to analyze together and share with the community.
----
Initial Message:
Hey - is this property still available? I know we were seeing some pretty crazy return potential ($300K+ in revenue) if investors invested about $200K to convert both garages and better design/amenities. Plus you think you could get quite a bit in seller credits.
Let us know your thoughts and I can underwrite the property to see the final Cash on Cash % figure for the community to consider.