Montavilla Duplex
Purchased in 2016 for $425,000 on a conventional loan as an investment property, this 1950’s duplex in the Montavilla neighborhood provides an excellent rate of return for the owners. After a 30 day renovation with a budget of $18,000, the owners were able to update the property, while improving the floor plan and providing a great rate of return. Property currently has a 14% rate of return on the original investment and has gained over $30,000 in equity already.
Read MoreNorth Minnesota Duplex Scenario
This charming duplex was purchased in February of 2015 by first time home buyers for $381,000 using an FHA Cash Grant Loan. The owners invested $62,000 in renovation costs into a complete remodel of both units. This property currently provides a 24% rate of return to the owners. The property was re-appraised at $640,000 in October of 2015 netting an equity gain of $259,000 in just over 8 months.
Read MoreNortheast 7th Ave Duplex
Purchased in 2011 for $280,000 with a $30,000 renovation budget. After extensive remodel currently provides a 27% annual return on initial investments and provides monthly positive cash flow to owner.