PRICE Reduced! 17.67% Cash on Cash return, Cash flowing Section 8 rental 212 W 28th St Norfolk VA 23504

[Lisa Arlt Escoto]

PRICED to SELL!

$318 Monthly Cash Flow - 17.76% Cash-on-Cash Return  

These great returns INCLUDE Property Management Fees, Vacancy and Maintenance Reserves!

4 Bedroom, 1.5 Bath, Completely renovated Section 8 rental in Norfolk, VA - NEW Kitchen and Bathrooms, Flooring, Plumbing, Electrical, Hot Water Heater and Baseboard Heaters

Available with or without Section 8 renter

FINANCING AVAILABLE!

$124,900 purchase price

20% downpayment ($24,980) plus closing costs ($1249)

Financing $99,920, 30 year, 4.75% mortgage 

Total Monthly expenses $730 ($521 monthly principal and interest payment, $109 monthly taxes, $100 monthly landlord insurance policy) plus OPTIONAL monthly fees and reserves (10% property management fee $133 month; 5% maintenance reserves $70, 5% vacancy rate $70)

Monthly Section 8 (Government Paid) Rent $1400