This elegant townhouse is nestled in a gentrifying neighborhood, adjacent to a prominent hospital. Its owner, who had meticulously renovated the property, reluctantly had to relocate due to a job transition. Because of the lack of equity in the house, she would have had to spend quite a bit of money at closing when accounting for real estate commissions and closing costs.
Fortunately, we devised a solution that not only prevented financial loss at the closing but also put some money in her pocket. Subsequently, we transformed the property into a long-term rental, yielding nearly $600 in monthly cash flow.
With a comprehensive investment of approximately $50,000, encompassing wholesaling fees, closing costs, and funds for the seller, our venture realized an impressive cash-on-cash return of around 15% annually. Moreover, factoring in potential appreciation and loan paydown, the total return on investment promises to be significantly higher.
Grove Family Investments 
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