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Updated almost 8 years ago,

User Stats

20
Posts
5
Votes
Brandon Comer
  • Flipper/Rehabber
  • Orlando, FL
5
Votes |
20
Posts

Tenant-Occupied Rental for $22,000!!

Brandon Comer
  • Flipper/Rehabber
  • Orlando, FL
Posted

Add This Augusta Rental To Your Portfolio TODAY!

As we have all heard, cash flow is king. Here's the perfect opportunity to increase your passive income for less than you think!

Here are the numbers up front:

Purchase Price: $22,000

Rehab: $0 (all done by previous owner)

Current Rent: $425/mo = 1.93% return each month

This 3 bed 1 bath house has a long-term tenant who does not want to move. Her lease is up at the end of 2017 and you could easily increase the rent to over $500/mo. The previous owner handled all drywall repair, redid the front porch and touched up paint throughout the property. Don't miss this chance to add this beauty to your stream of passive income!

For those wondering about potential costs to improve the property after the tenant leaves, we had a contractor quote us $6,200 for all cosmetic fixes to the property and some minor upgrades to the kitchen. This will bring the rent demand to $600/month.

CLICK PICTURE BELOW FOR MORE PHOTOS

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