42900 - Rum Village Cash Cow - 18.9% ROI

[Jason Richardson]

6 Bed / 3 Bath / 2592 SqFt / 12160 SqFt Lot / No Garage / Built 1900

This 3 apartment multi-family home has great potential for a savvy investor. This beauty is rough around the edges, but with some TLC will prove herself to be quite a profitable investment. She sits in a stable, and improving, up-and-coming neighborhood, near a new technology park, schools, shopping, entertainment and is close to downtown. Get in on this deal before she's gone!

C Class Neighborhood

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

Our Price - $42900

Estimated Monthly Income - $1800

Yearly Income (Includes 1mo Vacancy) - $19800

Yearly Taxes - $704

Yearly Insurance - $800

Yearly Management Fee & Maintenance Cost - $3960

Yearly NOI - $14336.72

Estimated Rehab Cost - $32900

All-In Cost - $75800

Estimated ROI - 18.9%

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. Please visit our website, below, for additional photos.