Opportunity: Great property for an investor to get in and generate some immediate cash flow with little effort. This requires just a simple rehab to get back to tip top shape.
Repairs: Exterior needs new paint, windows, yard work in front and back. Interior is in good shape. A few patches need for walls and ceiling. Hardwood floors are in good condition. Bathroom needs a complete remodel. Trash removal needed. Will need a new roof. Ectrical and plumbing needs to be updated. No HVAC.
Purchase Price: $25,000
After Repaired Value: $71,000 (See Comps)
- Gross Cap Rate 34.80%
- Cash on Cash Return 15%
- Annual ROI 23.31%
- Rents at $725/m
- Cash Flow $6,763/yr
- Stable property in great family neighborhood
- Includes Garage
- 2 bedroom/1 bath
- Price for quick sale
- Perfect starter investment
Number of Bedrooms: 2
Current Occupancy: Vacant
Building Square Footage: 768 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.