ilmscore | How to Invest $100K in Real Estate (2024 Rental Property Example)

How to Invest $100K in Real Estate (2024 Rental Property Example)

Published: 2024-10-08

Status: Analyzed

Predictions from this Video

Total: 5

Correct: 0

Incorrect: 0

Pending: 5

Prediction

Topic

Status

The total projected return for the real estate deal is expected to be closer to 15%, up from 12%, after the first unit's renovation and re-rental.

"now my total projected return When I factor in everything went from about 12% to closer to 15%"

Pending

An estimated $6,000 will be spent on renovating the second unit towards the end of 2024.

"my estimate is that I'm going to need to spend around six grand to Spruce this one up"

Pending

Rent for the second unit is conservatively predicted to increase by $200/month after its planned renovation, expected end of 2024.

"it should bring rents up another $200 pretty conservatively"

Pending

The property's overall cash-on-cash return is predicted to reach 7.5% to 8% after both units are renovated and re-rented.

"so that's going to get me close to a 7 and a half or 8% cash on cash return"

Pending

The total capital invested for the property, after both planned renovations are complete, is projected to be approximately $95,000.

"I came in at investing about $95,000 instead of investing $100,000... that's exactly what I'm going to do with 95 Grand"

Pending