Quick and easy rehab project for the right investor.
This is a property that will Cash Flow at almost a 16% projected cap rate. It is a great property to fix and rent.
Wholesale price - $100k
Monthly Rent - $2,200 total (1,100) per unit.
Cost of Rehab left - $25,000 includes flooring, kitchen, bathroom, trim work...
2,200(monthly rent)x12(months)= 26,400 (Yearly Gross Revenue)
2,000 (Maintenance and insurance) =
20,400/ 130,000( Purchase with rehab and closing costs)= 15.8% Cap Rate.
Postlets link: http://www.postlets.com/repb/8659205
Call me at 732-535-7795 to schedule a showing.