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Updated about 11 years ago,
New Deal
Saw this deal come up today.
3BR 1BA Condo
Purchase Price: 65k
Taxes:$4,406.00
CC:$182.00
Repairs: 3k (looks in excellent condition but minor updates needed)
Confident I can rent in 30 days for $1,500.00 a month after looking at comps.
Came up with a cap rate around 16% w/ 900+ in cash flow.
Do not believe there are any current assessments in the complex.