Turn Key Rental in Madras, Oregon

[Viktor R.]

Property in turn key ready for a rental. Great potential to buy and hold and cash flow each month. You would be hit the 1% rule of this deal. No major fixes are required however some minor things can be considered. The property is occupied. Do not disturb the occupants.

PROPERTY INFORMATION

1. Address: 230 SW 3rd St, Madras, OR 97741
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 1,312 sqft
5. Year Built: 1912/1990
6. Stories: 2

PICTURES

Link: https://drive.google.com/open?id=1qvJ9qvp-kH-8UuEF...

COMPARABLES

• • 552 SW Lincoln St, Madras, OR 97741
    • 3 beds 2 baths 1,008 sqft
    • For Sale $174,900
  • 600 SE Sugar Pine Way, Madras, OR 97741
    • 3 bed 2 bath 1,704 sqft
    • Sold $159,000 11/8/17
  • 114 Sw Third St, Madras, OR 97741
    • 4 beds 2 baths 1,536 sqft
    • Sold $141,00 6/22/17
  • 541 SW 3rd St, Madras, OR 97741
    • 3 beds 2 baths 1,189 sqft
    • Sold $130,000 4/12/18
  • 657 SW 1st St, Madras, OR 97741
    • 3 beds 2 baths 1,716 sqft
    • Sold $185,400 9/15/17
  • 488 SE 8th St, Madras, OR 97741
    • 3 beds 2 baths 1,464 sqft
    • Sold $167,500 7/26/17

As-Is Value

$145,000

ACQUISITION PRICE

$110,237 (not including assignment fee)

RENTAL POTENTIAL

$1,185/month

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May we remind you that we have a legally binding purchase contract with a memorandum signed giving us the exclusive right to purchase the property. Do not attempt to contact or renegotiate with the seller. Any attempt to communicate with the owner without our written consent can result in legal against you.

Disclaimer: This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.