Asheville Insight
Analyzing a $200k Asheville purchase with $50k rehab, $10k holding costs, $280k ARV, and $20k projected net.
Analyzing a $200k Asheville purchase with $50k rehab, $10k holding costs, $280k ARV, and $20k projected net.
Ashveille's a hot market, but let's dig into the numbers. With $50k rehab and $10k holding costs on a $200k purchase, you're looking at $260k total investment. If the ARV is indeed $280k, that's a relatively slim margin. What are your vacancy assumptiosn for this property? Are you factoring in any potential CAM reconciliation issues? Additionally, what's the creditworthiness of the tenants you're expecting to attract? These factors can significantly impact your projected $20k net. I'd want to see a more detailed breakdown of the expeses and revenue streams before considering this a viable flip opportunity. Can you provide more insight into your projections and how you're mitigating potential risks?