Description:

OFF - MARKET brick exterior house that is completely renovated from the outside to the inside in 2017 with a long term tenant already in place until February 2019 (paying $680 monthly; can increase to $720 next year to market rents) currently yielding an ROI of 12.1% (if financed) or 7.8% (if all cash).

ROI w/ $720 market rent 14.3% (if financed) or 8.3% (if all cash)

Stock Market Yield: 7% (S&P 500 inflation adjusted - historical)
Bank Yield: 0.09% (current national average)


Updates:

New hardwood floors
All new appliances (stove, refrigerator, dishwasher, washing machine and dryer
New cabinets
New plumbing (throughout home)
New electrical (throughout home)
Fresh paint (interior/exterior)
Replaced all rotten wood (exterior)
New carpet in upstairs bonud room
Caps replaced on roof (very good condition)


ROI (if financed) Assumptions:

Amortized: 30 years
Interest Rate: 4.5%
Downpayment: 25%
Closing costs: 2%
Insurance: $420 annualized
Taxes: $500 annualized
Garbage: $480 annualized
Utilities: $0 paid by tenant
Material costs: 5% of annualized gross rents
Maintenance costs: 6% of annualized gross rents
Management costs: 8% of annualized gross rents
Capex: 2% of annualized gross rents


***We own a management company and will manage property free of charge for first 3 months. Perfect for your first investment, out of state/non local investor or anyone seeking passive monthly income from Day 1!!! We have taken the guessing work out of the equation and completed a full analysis on this investment taking a conservative approach to protect and grow your money.


Please let us know if you have any additional questions and have a blessed day!