Midwest *Cash Flow* Turnkey #5

[Marie McLean]

NOTE: *Cashflow* Turnkey ~ rehabbed, managed, and leased in-house. 

Details:

• 1 car detached garage, built 1920. 
• Newly remodeled with dishwasher, central air, deck, garage, and more! 
• Current tenants moved in 4/11/2015.

Purchase Price: $67,500

• Property Rent: $900.00
• Taxes Monthly: $169.11
• Management: $72.00
• Insurance: $73.13
• Maintenance: $45
• Vacancy: $45
• Total Net Income: $491.97

Financed/Refinanced: Amount left In 20%: $13,500

• Mortgage Amount 80%: $54,000
• Mortgage Interest Rate: 5.00%
• Amortization Rate: 20
• Mortgage Payment: $356.38
• New Monthly Cash Flow: $139.39
• Financed Cash On Cash Return:12.39%

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Trulia