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Background: This turnkey rent-ready home was purchased right off the MLS as part of a 1031 transaction.

Renovations Done: Virtually none, just some health and safety items (co’s & smokes) and some minor repairs.

Project Financial Highlights:

• The repair budget was less than $1,000
• Our annual Cash on Cash return after all repairs is 9.5% (before tax benefits)
• Since project completion, our equity has appreciated 13%