Cibola County New Mexico | Single Family | $27,500 | 3 bed

[Michael Nyszczot]

816 Santa Marina Street Grants, NM 87020 

Bedrooms: 3
Baths: 1.5
Occupancy: vacant
Layout: ranch
Sq Footage: 1,693
Year Built: 1978
Acres: 0.20
Heater: forced air

Located in Grants, NM this 1,693 sqft single family house is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details.

Repairs/Updates needed: roof, drywall repair, paint, carpet, and some bathroom repairs

Contact me to view my house at (215) 315-3839

If you are a real estate investor looking to buy and hold this property then below is some analysis:

Purchase Price: $27,500
Estimated Repairs to get highest rents: $18,500
Reinstatement Costs: $0
Transfer Tax: $0
Closing Costs (sale): $550
Buyer's initial investment: $46,550

+ Monthly Rental Income: $875
- Vacancy Reserve: $88
- Monthly Real Estate Taxes: $81
- HOA Fees: $0
- Insurance: $67
- Property Management: $0
- Utilities: $0 (tenant pays)
- Reserves for Future Repairs: $88
= Net Monthly Operating Income: $552

Your Annual cash return: 14.2%

After Repair Value: $90,000

Call me for Access:
215-315-3839 

For my other properties and performing real estate notes for sale visit www.Housedealsamerica.com