Point Breeze Rental Investment. 2213 Cantrell street is an 810 sq. ft. house in need of a full gut. It is currently set as a two bedroom with one bathroom. There’s enough room to fit three bedrooms once you do the rehab. The house is in the middle of a row with a small side yard giving it two entrances.
It’s in the middle of a nice family block and is a perfect house for the investor looking to expand your portfolio. There are a few houses on that block that recently got rented to families. You’ll spend 45-50k on the renovations to make it worth at least $120,000. With that rehab you will easily find a respectable tenant to rent it out for a couple years and collect cash flow while you wait for the value to double just like it has only a few block over. This property is in the perfect location to be able to get it at a cheap price. You will be able to almost triple the value with a simple rehab and have positive cash flow even if you refinance. Only a few blocks over houses are selling for high 200,000’s so you want to own this property now, before the values rise.