Nice Rental in Auburn Gresham! 7.84% Returns!

[Ken Yu]

I have another rental available in the Auburn Gresham area. This property has been rehabbed and is tenanted out w/ section 8.

8606 S Elizabeth

• Home Type: Single Family
• Construction: Brick
• Bedrooms: 4
• Bathrooms: 1
• Living Space: 886 sqft
• Lot Size:  3,750 sqft
• Stories: 1.5
• Basement: Full. finished

• Real Estate Taxes (annual): $1,613.64
• Insurance (annual): $520
• Utilities: Owner Pays Water - ~$50/mo
• Tenant pays all other utilities.
• Gross annual rent: $13,116.00 ($1,093/mo)

Factoring in vacancy (8%), repairs and maintenance (5%), reserves (cap ex @ 5%), management (9%), and all other listed costs, we project a 7.84% ROI at a purchase price of $85,000.