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Updated over 9 years ago,
Deal in Richmond VA
I am looking into an off market deal in chesterfield court community in Richmond Virginia.
Home is $90,000
Rental is $1100-1200 month
Home is in very good condition - does not require any capex at this time.
MOrtgage / interest / taxes $400.00
Property manager $90
Capex - $110
Maintenance -$110
Vacancy - $110
Cash flow - $280/month
Renter pays all utilities including water and sewer.
Down payment closing costs - $24,000
Thoughts ?
- Chris Seveney
7e investments
15 Reviews
5.0 stars