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Shera Gregory
  • Investor
  • Richmond, VA
190
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347
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Good rental possibility: SFH 3/2 Atlanta IL 1100 sq ft $22k

Shera Gregory
  • Investor
  • Richmond, VA
Posted Oct 31 2014, 11:48

Solid rancher in Atlanta IL (not G30rgia!) about 30 miles south of Bloomington/Normal IL. 

305 W Clark St Atlanta IL 61723 (Corner of Clark and S Catherine St -- GPS not correct).

Needs about $15k rehab. Have quotes from local licensed contractor. Needs new plumbing, flooring and HVAC upgrades.

Estimate $650 rent for $7,800 income. 

Annual expenses estimated as:

Taxes $865 (actual amount)

Insurance $450

Vacancy $625

Property management $800

Maintenance $500

Capital reserves $800

Est net income $3,760

Feel free to call me for more details: Shera Gregory 804-814-6443

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