$18900 - Diamond In The Rough - 14.4% ROI

[Jason Richardson]

We have a beauty here, which needs some work, but will provide an excellent return on your investment. This property is structurally sound. Roof needs repair in one location, but it is advised it needs a replacement in the near future. This house includes a large living room, formal dining room, 2 bedrooms and 1 full bath upstairs, kitchen and full basement. A 3rd bedroom can possibly be added in basement with addition of an egress window. Property is currently lived in, and is in decent condition inside. This property is located in a neighborhood that has been seeing a consistent rise in values, and is close to downtown.

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

(All numbers below calculated with full roof replacement cost)

Our Price - $18900

Est. Monthly Income - $600

Yearly Income - $7200

Yearly Taxes - $800

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1320

8% Vacancy - $700

Yearly NOI - $3880.24

Est. Rehab Cost - $7000 (includes inside ceiling repair)

Est. Closing Cost - $1000

All-In Cost - $26900

Est. ROI - 14.4%

Property Code: 1049DSB

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). 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, in signature line) to see additional photos for this, and other properties we have.