NOTE: *Cashflow* Turnkey ~ rehabbed, managed, and leased.
Lease renewal dates: 02/29/2016 both units
Details: Garage / 2 Spaces, Year Built 1890, Floors 2.
Sales Price: $89,000 ARV 100K
- Rent: $1400 (Unit #1: $700 Unit #2: $700)
- Vacancy Factor: $70 suggested
- Taxes: $118
- Insurance: $96.42
- Maintenance: $70 suggested
- Lawn Care: $80
- Water: $110
- Management: $112
- Cash Flow: $743.28
Financed: 20% down $17,800
- Mortgage: $71,200 @ 5% for 20yrs
- Mortgage payment: $469.89
- Cashflow: $273.69
- COCR: 18.45%
COMPS:
1011 E Central Park Ave Sold $98,000
- 6/2 (3/1 each) 2376 sqft
- 2 story frame built 1935
- basement/ det frame garage
- 1942 Walling St Sold $90175
- 2/2 (1/1 each MLS says but I think it might be 2/2 each) 2146 sqft
- 2 story frame built 1920
- basement/ no garage
- 4.9 miles away
2602 Harrison Sold 90K
- 3/3 (2/2 and 1/1) 2379 sqft
- 2 story frame 1900 sqft
- basement/ 2 car garage
- 2.5 miles away
1346 W 15th st Sold $83,500
- 4/2 (looks like 2/2 each) 1716 sqft
- 1.5 story frame built 1910
- basement/ 2 car garage