19.72% Cash on Cash Return! Duplex Section 8 Rental for sale, 9% cap rate - 610 Walker Ave Norfolk VA 23523

[Lisa Arlt Escoto]

610 Walker Ave Norfolk VA 23523

Two 3 Bedroom, 1 Bath Section 8 Rentals

Turnkey - Completely renovated including new electrical, plumbing, hot water heater, siding, kitchens, baseboard heating, paint and carpet.

Available with or without Section 8 Renters 

Financing Available for qualified buyers

$189,900

Monthly Rent $2100 ($1050 per unit)

*$526 monthly cash flow and 19.72% cash-on-cash return based on the following assumptions and subject to change based on mortgage rate, credit score, section 8 rental prices, and other factors: Purchase Price $189,900, Downpayment $37,980, closing costs $1,899, 30 year amortized mortgage at 4.75%, Total Rent $2100 ($1050 per month per unit), Principal and Interest Monthly Mortgage payments $792.00, Monthly taxes and landlord insurance (estimated) $243, plus OPTIONAL fees and reserves: property management fee $200, vacancy reserve $105, maintenance reserve $105; buyer has adequate cash reserves and credit to qualify for mortgage.

**Owner is a Licensed Virginia Realtor.

Call or email for more details -  1-877-455-2794

[email protected]

www.VADeedOfTrust.com