Opportunity: Owner Financing Deal! Get in this property with lots of instant equity in Del City. The rehab has already been started on this 3bed/1bath ranch. You can quickly finish the rehab on this and enjoy the cash flow! With a little bit of work, this property will shine in this neighborhood.
Repairs: The structure is in good shape. Minor plumbing and electrical. Needs some drywall & flooring replaced. Roof is over 15 yrs old and most likely will need to be replaced. Cosmetic updates needed in the bathroom and kitchen.
Asking Price: $25,000
Down Payment at Closing: $12,000 Loan Terms: $13,000 with loan pmts of only $200/mo
Estimated Repairs: $22,000
After Repair Value: $72,000 (Click Here for Comps)
- Equity Position: $41,888
- Rental Income: $850/m
- Gross Cap Rate 40.80%
- Rental Cash on Cash Return 15.92%
- Annual ROI 31.15%
- Cash Flow $5,475/year
Number of Bedrooms: 3
Current Occupancy: Vacant
Building Square Footage: 732 sq ft
Lot Size: 9500 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.