SFR Rental - 13% Cap Rate / 12% Cash on Cash ROI - $16,850.00

[Matthew Bond]

This is a revision of my other post, where I did the math wrong. Since I can't delete that, and I'm getting an error when trying to update it, I've created this new ad.

Looking for a cash buyer.  2 Bedroom, 1.5 Bath. Minutes from UC, Xavier, Cincinnati State, the Cincinnati Zoo, and Hospitals. Will make a great rental. Similar houses on the same street are renting between $650-$700.

• Asking Price: $16,850.00
• Purchase Closing Costs: $1,500.00
• Estimated Repairs: $25,000.00
• Total Project Cost: $43,350.00

• Monthly Income: $650.00
• Monthly Expenses: $216.50
• Monthly Cash Flow: $433.50
• Pro Forma Cap Rate: 13.00%
• NOI: $5,202.00
• Cash on Cash ROI: 12.00%

See the Buyer's Report, and more photos here:

https://www.dropbox.com/sh/8jz1tnlvtgbwq3w/AAAoG2j...