Opportunity: Great property for an investor to get in and generate some immediate cash flow with little effort. Value added opportunity to add an extra bedroom to greatly enhance value.
Repairs: Needs new siding or paint, several broken windows, rotted wood on back door trim, windows need to be updated with trim, needs plants in front. Inside needs new carpet, new paint, new ceiling fans, new lighting, ceiling needs repair. Kitchen needs new plumbing, new flooring. Utility room needs a wall repaired.
Purchase Price: $19,000
After Repaired Value: $35,000 (See Comps)
- Gross Cap Rate 37.89%
- Cash on Cash Return 19%
- Annual ROI 24.43%
- Rents at $600/m
- Cash Flow $5,510/yr
- Stable property in great family neighborhood
- Includes Garage
- $10,000 in repairs needed
- 2 bedroom/1 bath
- Price for quick sale
- Perfect starter investment
- Add a 3rd bedroom to increase rents to $700/m
Number of Bedrooms: 2
Current Occupancy: Vacant
Building Square Footage: 580 sq ft
Lot Size: 6,000 sq ft
Status: Under contract by Vestor Solutions, LLC. New Buyer will be assigned the contract to close. Price includes the assignment fee to Vestor Solutions, LLC.
This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.