$275,000
XX Parkerridge DR, Independence, KY 41051
Current Rent **
$2,200
Projected Rent **
$2,200
Cincinnati, OH MSA - Independence, KY, Leaseback Opportunity with $15,400 in Pre-Paid Rent
Invest in a spacious SFR with a brand-new roof, no repairs needed. This is a leaseback opportunity with 6 months prepaid rents secured.
Located in a charming community offering affordable housing, a high quality of life, and easy access to amenities and outdoor recreation.Β
This is a prime opportunity for a stable, high-yield investment.
Asking Price: $275,000
Estimated Market Value: $330,000
Discount: $35,000
Total Seller Prepaid Rents: $15,400
Immediate Cash Flow: $50,400 (Equity + Pre-Paid Rent)
Seller wants to stay as a tenant for: 6 months
For additional details about this property send me a messageΒ
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Location:
XX Parkerridge DR, Independence, KY 41051
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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