Positive Cash Flow on 5% Down Rehab Properties in Ohio

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You’ve seen our offerings for 5% down on new builds in Alabama and Florida over the past several months. This allows you to get into a property for significantly less money than normal and scale your portfolio. The downside is that you’re negative several hundred dollars a month on most of those properties.
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But what if you could get into a property for 5% down and be break even or even positive cash flow?
Adam Schroeder talks with the Ohio rehab team leader about the opportunity for this in the market. The two discuss what’s happening in the area that is causing rent growth and appreciation, as well as what incentives are being offered to protect investors from unexpected maintenance costs that people worry about with rehabs.
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[@TubeBoobforyou]

I did the math for you. In this example 125k purchase price with 25% down, 30 yr mortgage, 8.5% interest rate, 5k closing costs, $0 for immediate repairs needed. Add in $1,200 property taxes, $1,000 insurance, $690 for maintenance/repairs, $690 for vacancy, 8% property management $1,048 (Have to figure that in since it will be an ongoing expense). $0 for Capex although I would include a budget for this this. Estimated Cash on Cash return 1.44% or $521/year.
Using the same figures and 5% down, Estimated Cash on Cash return -15.87% or -$1,786/year.

[@nirradical]

Hey dudes, I have a couple "gold mine" properties here in Columbus and am looking for financing for renovations. How can I get in touch?