41000 - Rum Village Beauty - 12.1% ROI

[Jason Richardson]

3 Bed / 1 Bath / 1748 SqFt / 4636 SqFt Lot / No Garage / Shed / Built 1920

We have another great, affordable, property which needs very minimal work which will provide an excellent return on your investment. This property is overall in excellent condition. Furnace and water heater newer and intact. Appliances included. This house includes a large living room, updated kitchen, off-kitchen dining room and full basement. This property is located in an up-and-coming neighborhood, near a new technology park, schools, shopping, entertainment and is close to downtown.

C Class Neighborhood

Here are the numbers, as a cash-flow property:

Our Price - $41000

Estimated Monthly Income - $725

Yearly Income (Includes 1mo Vacancy) - $7975

Yearly Taxes - $764

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1596

Yearly NOI - $5016.29

Estimated Rehab Cost - $500

All-In Cost - $41500

Estimated ROI - 12.1%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Buyer pays their side of closing costs. We cannot guarantee the returns shown above, as these are estimates based on our own due diligence. We recommend all buyers do their own due diligence prior to purchase.