RussianReal Estate Investment Opportunities and Strategies
3+2 Bedroom, 3 Bath detached house with double car garage and finished basement, 1680 square feet. Swimming pool! Asking price was $318,900. We bought for $296,000. Rented $1790 per month (Rent To Own).
| After 3 years | Every month |
| Down payment – $59,200 Closing cost – $5,000 Deposit from tenant – $7,000 Price after 3 years – $352,060 Credit to tenant – $14,400 Mortgage down after 3 years – $21,000 Profit – $57660 Total = Profit + cash flow = $75,950 ROI (Return On Investment) = 118% | Mortgage – $942 Tax – $280 Insurance – $60 Total expenses – $1,282 Cash Flow – $508 |
3 Bedroom, 2 Bath townhouse with finished basement, 1250 square feet. Asking price was $245,000. We bought for $239,000. Rented $1390 per month (Rent To Own).
Down payment – $47,800
Closing cost – $5,000
| Every year | Every month |
| Average appreciation 5% – $11,950 Mortgage down every year – $2,650 Profit – $14,600 Total = Profit + cash flow = $18,300 ROI (Return On Investment) = 34% in year | Rent – $1,390 Mortgage – $760 Tax – $200 Insurance – $50 Total expenses – $1,010 Cash Flow – $380 |
3 Bedroom, 2 Bath link house with finished basement, 1300 square feet. Asking price was $264,000. We bought for $256,5000. Rented $1690 per month (Rent To Own).
| After 3 years | Every month |
| Down payment – $12,825 Closing cost – $5,000 Price after 3 years – $296,980 Credit to tenant – $14,400 Mortgage down after 3 years – $21,500 Profit – $21080 Total = Profit + cash flow = $31,050 ROI (Return On Investment) = 174% | Mortgage – $1,133 Tax – $220 Insurance – $60 Total expenses – $1,413 Cash Flow – $277 |
