Looking For Your Next Property? Well Here It Is!

[Jamal L.]

This property offers a private parking pad, updated bathroom w/ Jacuzzi and several updated windows. A rare and attractive front balcony with spacious rooms encompassing 1,688 square feet. This property has a solid structure and is located close to YMCA and Remodeled Schools making it attractive to families. It sits on the York Road corridor making it easily accessible to main roads, a plus for convenience and travel.

3BR | 2 Bth | 1,688 sqft

ARV $145K
(Comps support)

Sale Price $35K OBO

Closing Cost $2k

rehab cost $55k (Estimated)

Resale Com. $8k @$140k

=$100,000 Acquisition and Rehab

Projected net profit $45K
everything considered


Buy and Hold Return is just as attractive....

$35k + $18k repairs + Closing cost $2k = $55k Total Acquisition

Rent @ $1,350 mth
Gross income $16,200
Vacancy allowance - $ 2,295
Gross Operating income $13,905
Expenses Annually
Taxes - $1,800
Insurance - $850
Maintenance -$1,000
Property Manage (PM) -$1,620
Annual expenses ($5,270)


Gross Operating Income $13,905
Annual Expenses -$5,270
Net Operating income(NOI) $8,635
NOI = 15% ROI Total expense paid for in 6.5 Years! 18% W/O PM