Turnkey fourplex. No Capex. Compare these numbers with others.

[James Watts]

Turnkey brick fourplex. No improvements needed. Professional inspection reports on each unit available. Trulia green low crime area. Perfect BRRRRR property. Property values are rising. Capital Expenditures Already done: Exterior paint 2017, Rebuilt back deck 2017, fixed most of faults found in inspection 2017, roof 2015, windows & exterior doors 2010, 4 bathroom remodels (all new fixtures) 2015, new interior paint & flooring 2015, 4 new furnaces 2010, hot water heater 2010. Individual gas & electric meters 2010. Renters pay gas, electric. Owner pays water, sewer, trash.

Compare the numbers with any other property on this site!!!!

Mortgage: $536 (finance 100% of 99,900 using BRRR @ 5% X 30 years = $536/mo)

Tax:                        167

Insurance              129

Property Mgr        203

Water / Sewer       80  

Trash                       109

Gas                 tenant

Electric            tenant

Yard/ Snow             80

Repairs                   102

Vacancy                   102

Return on Investment    517             517 X 12 = 8229;      8229/20,000 = 41% cash on cash return; Pay back 20,000                                                                                  down payment in 2 1/2 years, then begin setting aside 10%/ mo again for                                                                             future  Capital expenditures.

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Total                       2025                  Rents currently equal 2025; rents in 2 units can be raised at end of 2017. Other value adds include possible basement storage units, possible basement laundry unit. More information @[email protected].

Jim Watts