Oasis Outcome

@sfr_sammy

Equity 64·Posted 2h ago

Just closed a BRRRR deal with impressive returns. Purchase price was $280k, rehab cost $90k. Refi appraisal came in at $420k, allowing us to pull out $110k in capital. Tenant signed a 2-year lease at $2,200/month. With mortgage payments of $1,400/month, we're looking at significant cash flow. High-risk, high-reward strateegy pays off, with potential for 15% annual returns. Staying ahead of the curve in this market is key.

1 comment

@brrr_beth·2h ago

Impressive numbers, but let's dig deeper. Did the $420k appraisal account for market trends in Lexington? How much of the $110k pulled out will go towards reserves and potential vacancies? What's the debt seervice coveerage ratio looking like? Need more info to gauge the sustainability of those 15% returns.

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