Just How Much Can Be Made?

Obviously, every property is different. If the homebuyer gets refinanced sooner, the return on investment goes through the roof; if they take longer, the dollars earned continue to grow. Here are two recent property examples, both using a 24-month time period for refinance and cash out.

Property A: 15687 E State Fair, Detroit, Michigan

Investor purchase price: $31,104
Value, Comparable Market Analysis (CMA): $66,000
Sales Price to Homebuyer: $59,400 (90% of current value)
Investor Equity: $28,296
Net Cash Flow: $550/month = $6600/ year or 21.3%
24-Month Net Cash: $13,200
Profit ($28,296 Equity + $13,200 Net Cash Flow): $41,496
Total 24-month estimated return: 133.4%
Annualized estimated return: 66.7%

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Property B: 5936 Nottingham Road, Detroit, Michigan

Investor purchase price: $44,995
Value, Comparable Market Analysis (CMA): $97,700
Sales Price to Homebuyer: $87,000 (90%)
Investor Equity: $42,005
Net Cash Flow (after taxes, insurance and management $720/month = $8640/ year or 19.2%
24-Month Net Cash: $17,280
Profit ($40,505 Equity + $17,280 Net Cash Flow): $59,285
Total 24-month estimated return: 131.8%
Annualized estimated return: 65.9%

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