50th ave case study
PDF · 21 May 2025
Case study of a single-family rental (SFR) on 50th Ave in Phoenix, AZ. Acquired below market in May 2019 for $142,000 with ~$50,000 equity invested, the asset underwent a BRRRR strategy (rehab, rent-up, refinance), returned most capital at refinance (leaving ~$21,000), and was sold in April 2024 for $380,000. Operational performance: total rental income $96,798, NOI $42,257, depreciation claimed $59,538, estimated tax savings ~$14,445. Reported outcomes: net sale proceeds $147,142, total ROI 657.6%, annualized ROI 131.5%, IRR 63.1%. The document frames this as an example of disciplined management and debt structuring turning a challenged BRRRR into outsized returns.
Questions this document answers
May 2019
$142,000
~$50,000
5 Years
April 2024