Residential – 3 Family

Purchased.

3 Family Home Located in Brooklyn, NY, Purchased in 2005 for $400,000

Rehabbed | Held.

Rehab Cost: $28,000

Period Held: 1 Year, 6 Months

Average Rent Roll: $21,000 yearly –  ($31,500 total for holding period)

Average Maintenance/Repairs $800 for the 1 Year, 6 Months

Sold For.

Sold for $680,000 in 2006  |  Total Profit: $282,000 after 18 Months (Additional Note: Property Sold For $3,426,500 in 2016, If We Only Held Longer!)

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