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Forums » Residential Property, Land, & Farms For Sale » 6 Houses (4 rented,2needwork) $185k

6 Houses (4 rented,2needwork) $185k Subscribe to 6 Houses (4 rented,2needwork) $185k

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Alex Price

Real Estate Investor · Cleveland Heights, Ohio


Forum_avatar_avatar-alexprice

Icon_minipost Aug 25 '09, 06:36 AM

We've currently sold a 6 property package
deal and have one more to completely liquidate
our inventory. The cashflow is great and I can
provide you individual information on all 6 properties.
The total for all 6 is only $185K and 4 of them
are currently cashflowing while the other 2
need renovation work for tenants. Please pm
me for more details as I would be happy to share
with you any and all information you require.

Here are the package details:

Price for 6 Properties - $185K
Combined Appraised Value - $475K
Combined Equity Value - $280K
Combined Rental Income - $57,600Yr, $4,800/Mo
Water/Sewer: $4,200Yr - $350mo.
Taxes/Insurance: $11,808Yr - $984Mo
Property Management: $5,340Yr - $445mo
Total Expenses: $21,348Yr - $1,779mo
Net Income: $36,252Yr - $3,021mo
Cash on Cash return: $36,252/185,000 = 19.5%

Please pm for more details.

Thanks,
Alex

Edited: 06/26/2010 at 09:29AM


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